SENATE BILL NO. 576
AS AMENDED BY SENATE AMENDMENT NO. 1
AN ACT TO AMEND CHAPTER 29, TITLE 30 OF THE DELAWARE CODE, RELATING TO THE DEDUCTION FROM RETAILERS' GROSS RECEIPTS TAX.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend §2905(bn, Chapter 29, Title 30 of the Delaware Code, by striking the amount "$10,000" u it appears therein, and substituthtg in lieu thereof the amount $25,000'.
Section 2. Amend §2906, Chapter 29, Title 30 of the Delaware Code by striking the symbol and figure "35,000" u they appear in paragraph (cR1) of said Section and substitute in lieu thereof the symbol and figure "$25,000."
Section 3. This Act shall be effective for gross receipts received after December 31, 1986.
Approved July 2, 1986.