CHAPTER 407

FORMERLY

SENATE BILL NO 381

AN ACT TO AMEND CHAPTER 11, TITLE 30 OF THE DELAWARE CODE RELATING TO THE PERSONAL INCOME TAX.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (three-fifths of all members elected to each House thereof concurring therein):

Section 1. Amend §1102(d)(1), Chapter 11, Title 30 of the Delaware Code by striking the symbol and figure "$20,000" as it appears in said paragraph and substitute in lieu thereof the following: "$40,000, or such lesser amount as the Director may determine but in any event not less than $20,000."

Section 2. This Act shall be effective for tax years commencing after December 31, 1990.

Approved July 18, 1990.