CHAPTER 376

FORMERLY

HOUSE BILL NO. 688

AN ACT TO AMEND SECTION 1102, CHAPTER 11, TITLE 30 OF THE DELAWARE CODE RELATING TO IMPOSITION AND RATE OF TAX, TO AUTHORIZE THE ISSUANCE OF TAX COMPUTATION TABLES APPLICABLE TO TAXABLE INCOMES UP TO $20,000.

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

Section 1. Amend Section 1102, Chapter 11, Title 30 of the Delaware Code by redesignating subsection (d) as subsection "(e)".

Section 2. Amend Section 1102, Chapter 11, Title 30 of the Delaware Code by adding a new subsection (d) to read as follows:

"(d) Tax Tables for Individuals

General - In lieu of the tax imposed by subsection (a) there is imposed for each taxable year on the tax table income of every individual whose tax table income for the taxable year does not exceed $20,000, a tax determined under tables, applicable to such taxable years, which shall be prescribed by the Director of Revenue. The amounts of tax prescribed in such tables shall be computed on the basis of the rates prescribed by subsection (a).

Tax Table Income - For purposes of this subsection, the term 'tax table income' means Delaware taxable income as defined in Section 1105 (residents) and Section 1121 (non-residents) of this Chapter.

Subsection Inapplicable - This subsection shall not apply to an estate or trust."

Approved July 17, 1984.