SENATE BILL NO. 110
AS AMENDED BY SENATE AMENDMENT NO. 1
AN ACT TO AMEND AN ACT BEING CHAPTER 457, VOLUME 60, LAWS OF DELAWARE, AS AMENDED, ENTITLED "AN ACT TO REINCORPORATE THE TOWN OF MILLSBORO" TO AUTHORIZE EXEMPTIONS FROM TAXATION UNDER CERTAIN CIRCUMSTANCES AND CONDITIONS.
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. Section 30, Chapter 457, Volume 60, Laws of Delaware, as amended, be and the same is hereby further amended by adding at the end thereof a new Subsection to be designated as Subsection (44) to read as follows:
"44. Notwithstanding any other provision of this Charter, the Town Council is authorized to exempt from taxation any industry which contemplates locating within said Town and is required to extend water transmission lines or sewer collection or interceptor lines, or any or all of them, to a maximum amount of twenty percent (20%) of the amount actually expended for the extension of the said water or sewer lines, or both."
Approved June 25, 1993.