CHAPTER 70

FORMERLY

SENATE BILL NO. 7

AN ACT TO AMEND CHAPTER 13, SUBCHAPTER III, TITLE 30, DELAWARE CODE, RELATING TO INHERITANCE TAX.

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

Section 1. Amend § 1341 of Chapter 13, Title 30, Delaware Code by striking subparagraph (a)(1) of said section and substituting the following:

"(a) Resident Returns - The executor of every resident decedent of this State shall make a return with respect to the inheritance tax imposed by Subchapter II of this Chapter according to the forms and regulations prescribed by the Secretary of Finance or his delegate if any one of the following conditions applies:

(1) The value of the gross estate at the death of the decedent passing to a surviving spouse exceeds $250,000 (excluding real or personal property owned as tenants by the entirety or joint tenants with right of survivorship with a spouse ); or one of the beneficiaries is a person described in Class A of § 1322 of this title and there is imposed a tax under §1322(1) of this title;"

Approved June 23, 1995