CHAPTER 402

FORMERLY

SENATE BILL NO. 457

AS AMENDED BY SENATE AMENDMENT NO. 1

AN ACT TO AMEND CHAPTERS II, 23, 25, 27, AND 29, TITLE 30, DELAWARE CODE, RELATING TO FILING REQUIREMENTS OF BUSINESS AND EMPLOYER TAXES.

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

Section 1. Amend §1154, Chapter 11, Title 30 of the Delaware Code by striking the symbol and figure "$200" as they appear in paragraph (a) of said section and substitute in Ileu thereof the symbol and figure "$600".

Section 2. Amend §1154. Chapter 11, Title 30 of the Delaware Code by adding thereto a new paragraph (d) to read as follows:

"(d) The Secretary of Finance may by regulation require the filing of information returns for the purpose of establishing the frequency and manner in which an employer would be required to file and pay taxes under this subchapter."

Section 3. Amend §2301, Chapter 23. Title 30 of the Delaware Code by striking the symbol and figure "$6,000" in each place that they appear in paragraph (d)(2) of said Section and substitute in Ileu thereof the symbol and figure "$15.000".

Section 4. Amend §2502. Chapter 25, Title 30 of the Delaware Code by striking the symbol and figure "$2,000" as they appear in paragraph (c)(2) of said Section and substitute in lieu thereof the symbol and figure "$7,500".

Section 5. Amend § 2702, Chapter 27. Title 30, of the Delaware Code by striking the symbol and figure "$2,000" as they appear in paragraph (b)(2) of said Section and substitute in lieu thereof the symbol and figure "$7,500".

Section 6. Amend §2702. Chapter 27. Title 30 of the Delaware Code by striking the word "aggregate" as that word appears In paragraph (b)(2) of said Section and substitute In lieu thereof the word "taxable".

Section 7. Amend §2902. Chapter 29, Title 30, of the Delaware Code by striking the symbol and figure "$2.000" u they appear in paragraph (c)(2) of said Section and substitute in lieu thereof the symbol and figure 17,500".

Section 8. Amend §2902, Chapter 29, Title 30, of the Delaware Code by striking the word "aggregate" as that word appears in paragraph (cX2) of said Section and substitute in Ileu thereof the word "taxable".

Section 9. Amend §2903. Chapter 29. Title 30, of the Delaware Code by striking the symbol and figure "$2,000" as they appear in paragraph (c)(2) of said Section and substitute In Ileu thereof the symbol and figure "$7.500".

Section 10. Amend §2903, Chapter 29, Title 30, of the Delaware Code by striking the word "aggregate" as that word appears in paragraph (042) of said Section and substitute in Ileu thereof the word "taxable".

Section 11. Amend §2904, Chapter 29, Title 30 of the Delaware Code by striking the symbol and figure "$2,000" as they appear in paragraph (c)(2) of said Section and substitute in Ileu thereof the symbol and figure "$7.500".

Section 12. Amend §2904, Chapter 29, Title 30 of the Delaware Code by striking the word "aggregate" as that word appears in paragraph (c)(2) of said Section and substitute in lieu thereof the word "taxable".

Section 13. Amend §2905, Chapter 29, Title 30 of the Delaware Code by striking the symbol and figure "$2,000" as they appear in paragraph (b)(2) of said Section and substitute in lieu thereof the symbol and figure "$7,500".

Section 14. Amend §2906. Chapter 29, Title 30, of the Delaware Code by striking the symbol and figure "$2,000" as they appear in paragraph (c)(2) of said Section and substitute in lieu thereof the symbol and figure "$7,500".

Section 15. Amend §2907, Chapter 29, Title 30 of the Delaware Code by striking the symbol and figure "$2,000" as they appear in paragraph (c)(2) of said Section and substitute in lieu thereof the symbol and figure "$7,500".

Section 16. Amend §2907, Chapter 29, Title 30 of the Delaware Code by striking the word "aggregate" as it appears in paragraph (c)(2) and substitute in lieu thereof the word "taxable".

Section 17. Sections 1 and 2 of this Act shall be effective for taxable years beginning after December 31, 1986. All other Sections of this Act shall be effective for gross receipts received on or after January 1, 1987.

Approved July 3, 1986.