CHAPTER 240

FORMERLY

SENATE BILL NO. 461

AN ACT PROVIDING FOR THE PAYMENT OF REVENUE REFUNDS FOR THE TAXABLE YEAR BEGINNING ON OR AFTER JANUARY 1, 1973, AND PROVIDING A SUPPLEMENTAL APPROPRIATION THEREFOR.

WHEREAS, Senate Joint Resolution No. 36, enacted by the General Assembly at the First Special Session of 1973, directed the State of Delaware, acting through the Secretary of Finance or any other person, not to process any revenue refunds covering the tax year beginning on or after January 1, 1973, until the General Assembly enacted an additional revenue measure to provide funds for the payment of such refunds; and

WHEREAS, although such additional revenue measure has not yet been enacted, it is unfair to the people of Delaware to withhold revenue refunds any longer and it is desirable that such refunds be processed forthwith.

NOW, THEREFORE :

Be it enacted by the General Assembly of the State of Delaware:

Section 1. Senate Joint Resolution No. 36, 127th General Assembly, First Special Session, which prohibits payments of revenue refunds for the taxable year beginning on or after January 1, 1973, is hereby repealed, and the Secretary of Finance or other authorized person is hereby directed to process and issue such revenue refunds.

Section 2. The amount of 171/2 million dollars ($17,600,000) is hereby appropriated to the Department of Finance (26-00-000) from the General Fund of the State of Delaware for revenue refunds for the tax year beginning on or after January 1, 1973, which are processed and issued between January 1, 1974, and June 30, 1974. The funds hereby appropriated are to be used only for the purposes specified and any unexpended funds shall revert to the General Fund of the State of Delaware on June 30, 1974.

Approved February 1, 1974.