HOUSE BILL NO. 286
AS AMENDED BY SENATE AMENDMENT NO. 1
AN ACT TO AMEND CHAPTER 43, TITLE 30 OF THE DELAWARE CODE RELATING TO USE TAX ON LEASES OF TANGIBLE PERSONAL PROPERTY.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Three-fifths of all members elected to each house thereof concurring therein):
Amend § 4302(a)(3), Title 30 of the Delaware Code by deleting the period following the word "production" and adding the following language: "reusable pallets and containers for use by food processors. For purposes of this subsection, the term 'reusable pallet and container' means any pallet or crate which is under an arrangement for the repeated return of such property to its initial purchaser for long-term reuse.".
This Act would be effective for lease payments received after December 31, 2002.
Approved July 09, 2002