CHAPTER 387

FORMERLY

SENATE BILL NO. 456

AN ACT TO AMEND CHAPTER 55. TITLE 30, DELAWARE CODE, RELATING TO PUBLIC UTILMES TAX.

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

Section 1. Amend §5502, Chapter 55, Title 30 of the Delaware Code by striking paragraph (a) of said section in its entirety and substitute in lieu thereof a new paragraph (a) to read as follows:

"(a) A tax is imposed upon aU intrastate telephone commodities and services distributed within this State by the distributor at the rate of 4.25% of the sale price or tariff charge paid for such commodities or services."

Section 2. Amend §5502, Chapter 55. Title 30 of the Delaware Code by striking paragraph (b) of said section in its entirety and substitute in lieu thereof a new paragraph (b) to read as follows:

"(b) A tax Is imposed upon any distributor of gas, electricity, telegraph, or cable television communications commodities and services which tax shall be at the rate of 4.25% of the gross receipts or tariff charges received by the distributor for such commodities or services distributed within this State."

Section 3. Amend §5507. Chapter 55. Title 30 of the Delaware Code by striking paragraph (a) of said section In its entirety.

Section 4. Amend §5507, Chapter 55, Title 30 of the Delaware Code by redesignating paragraphs (b), (c), and (d) as paragraphs (a), (b) and (c) respectively.

Section 5. This Act shall take effect January 1, 1987, for services performed or distributed on or after January 1, 1987.

Approved July 2, 1986.