CHAPTER 6

FORMERLY

HOUSE BILL NO. 49

AS AMENDED BY HOUSE AMENDMENT NO. 1

AN ACT TO AMEND SECTION 1154, CHAPTER 11, TITLE 30, DELAWARE CODE, RELATING TO EMPLOYER WITHHOLDING AND PAYMENT OF DELAWARE INCOME TAX.

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

Section 1. Amend Section 1154(a), Title 30, Delaware Code, by inserting immediately following the word "general' the following:

"Except as provided in subsection (c),".

Section 2. Amend Section 1154(a), Title 30, Delaware Code, by striking the words such employer may file and pay the tax for such quarter on or before the 15th day," and inserting in lieu thereof:

such employer may file and pay the tax for such quarter on or before the 30th day"

Section 3. Amend Section 1154, Title 30, Delaware Code, by adding a new subsection (c) to read as follows:

"(c) In the case of any employer, If the aggregate amount of taxes required to be deducted and withheld under this Chapter for any month exceeds $5,000, each month of the return period for such employer shall be divided into 8 deposit or return periods. These deposit or return periods end on the 3rd, 7th, 11th, 15th, 19th, 22nd, 25th and last day of every month. If the tax required to be withheld under this Chapter by any employer at the end of any of the 8 deposit periods during the month cumulatively exceeds $5,000, such employer shall file a withholding return and pay over the tax to the Division of Revenue, or a designated depository, not later than the close of the 3rd working day following the end of such deposit period."

Section 4. Effective Date. The amendments made by this Act shall be effective as of April 1, 1983.

Approved February 2, 1983.