CHAPTER 202

FORMERLY

HOUSE BILL NO. 622

AN ACT TO AMEND CHAPTER 11, TITLE 30, DELAWARE CODE, RELATING TO PERSONAL INCOME TAXATION OF LUMP SUM DISTRIBUTORS.

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

Section 1. Amend Section 1106(a), Title 30, Delaware Code relating to additions to Federal adjusted gross income, by re-designating paragraph (3) as paragraph (2) and adding a new paragraph (3) to read as follows:

"(3) the amount of the deduction from Federal adjusted gross income allowed under Sections 62 (11) and 402(e) (3) of the Federal Internal Revenue Code of 1954, as amended, relating to certain portion of lump sum distributions from pension plans."

Section 2. This amendment shall apply to lump sum distributions received on or after the date of enactment.

Approved December 30, 1977