HOUSE BILL NO. 839
AN ACT TO AMEND SECTION 1903, CHAPTER 19, TITLE 30, DELAWARE CODE, RELATING TO THE COMPUTATION OF TAXABLE INCOME FOR PURPOSES OF THE CORPORATION INCOME TAX.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend Section 1903 (a), Title 30, Delaware Code, relating to the computation of taxable income, by adding to the end thereof a new paragraph six to read as follows:
"(6) an amount equal to the portion of the wages paid or incurred for the taxable year which is disallowed as a deduction for Federal purposes under Section 280 C, I.R.C., relating to the portion of wages for which the new jobs tax credit is claimed."
Section 2. Effective Date. This amendment shall apply to taxable years ending on or after December 31, 1977.
Approved June 1, 1978.