SENATE BILL NO. 172
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 Volume 27, Chapter 216, Laws of Delaware as amended by Volume 37, Chapter 163, Laws of Delaware, by denominating the first paragraph of Section 2B thereof as "(a)" and adding thereto the following paragraph (b):
"(b) 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 (and improvements thereon) in the City of New Castle for a period not exceeding ten years, upon which real estate any new improvements (buildings) wherein labor (personnel) shall be employed shall be erected and operated after the enactment of this Act, or upon which any improvements already erected are so used after the enactment of this Act for the employment of labor (personnel), 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 businesses which will furnish continuous employment for a sufficient number of persons to materially benefit the City of New Castle generally."
Approved July 14, 1993.