CHAPTER 76

FORMERLY

HOUSE BILL NO. 382

AS AMENDED BY

HOUSE AMENDMENT NO. 3

AN ACT TO AMEND CHAPTER 19, TITLE 30, DELAWARE CODE, RELATING TO THE RATE OF THE CORPORATION INCOME TAX.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. Amend Subsection (a), Section 1902, Chapter 19, Title 30, Delaware Code, by striking the figure "7.2" and inserting in lieu thereof the figure "8.7".

Section 2. Amend subsection (d) of §1903, Title 30, Delaware Code by striking the date "1958" wherever it appears in said subsection and inserting in lieu thereof the date "1977".

Section 3. The rate of tax provided for in this Act shall be first effective with respect to income earned subsequent to December 31, 1976.

Approved June 8, 1977.