CHAPTER 411

FORMERLY

HOUSE BILL NO. 397

AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO ASSESSMENTS OF INTEREST AND PENALTY.

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 § 533(a), Title 30 of the Delaware Code by striking the number and symbol “1%” and substituting in lieu thereof the number and symbol “0.5%”.

Section 2. Amend § 533(g), Title 30 of the Delaware Code by striking the number and symbol “1%” and substituting in lieu thereof the number and symbol “0.5%”.

Section 3. Amend § 534(b), Title 30 of the Delaware Code by striking the number and symbol “0.5%” wherever it appears and substituting in lieu thereof the number and symbol “1%”.

Section 4. Amend § 540(a), Title 30 of the Delaware Code by striking the number and symbol “1%” and substituting in lieu thereof the number and symbol “0.5%”.

Section 5. Amend § 535(d), Title 30 of the Delaware Code by striking the number and symbol “0.5%” and substituting in lieu thereof the number and symbol “1%”.

Section 6. This Bill shall be effective for tax periods beginning on or after January 1, 2007.

Approved July 10, 2006