HOUSE BILL NO. 631
AN ACT TO AMEND VOLUME 27, CHAPTER 216, LAWS OF DELAWARE, AS AMENDED, RELATING TO THE CHARTER OF THE CITY OF NEW CASTLE AND THE POWER OF THE COUNCIL OF THE CITY OF NEW CASTLE TO REMIT ALL OR ANY PART OF CITY TAXES WHICH MAY BE LEVIED OR IMPOSED UPON ANY REAL ESTATE IN THE CITY OF NEW CASTLE.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Two-thirds of all members elected to each House thereof concurring therein):
Section 1. Amend Section 28, Volume 37, Chapter 163, Laws of Delaware, by striking such Section in its entirety and substituting in lieu thereof the following:
"Section 28. The Council of the City of New Castle shall have power to remit all or any part of the city taxes which may be levied or imposed upon any real estate in the City of New Castle, for a period not exceeding ten years, upon which real estate any new manufacturing or other industrial Improvements for the employment of labor shall be erected and operated after the passage of this Act, or upon which any buildings already erected are so used after the passage of this Act for a new industry so employing labor, but such remission of taxes as aforesaid shall only be made In the sound discretion of the Council and only for the purpose of assisting new industries which will furnish continuous employment for a sufficient number of persons to materially benefit the City of New Castle generally, and such remission of taxes shall continue only as long as said industries are so in operation."
Approved July 7, 1988.