CHAPTER 159

FORMERLY

HOUSE BILL NO. 252

AS AMENDED BY HOUSE AMENDMENT NO. 1

AN ACT TO AMEND CHAPTER 13, SUBCHAPTER 1, TITLE 30, DELAWARE CODE RELATING TO THE ESTATE TAX TREATMENT OF SURVIVOR BENEFITS AWARDED BY A STATE OR POLITICAL SUBDIVISION THEREOF.

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

Section 1. Amend Section 1309, Chapter 13, Subchapter 1, Title 30 of the Delaware Code by adding a new subsection at the end thereof to read as follows:

"(d) notwithstanding the provisions of subsection (a) of this section or of any other provisions of law, there shall not be deemed to be a transfer from any decedent the value of any annuity or other similar payment received by any beneficiary (other than the executor or the administrator of the decedent's estate) under any arrangement sponsored by any state or political subdivision thereof."

Section 2. Section 1 shall be effective for the estates of decedents dying after December 1, 1980 and the estates of decedents who had not received inheritance tax clearance as of December 1, 1980.

Approved July 14, 1981.