CHAPTER 282

FORMERLY

HOUSE BILL NO. 513

AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO GROSS RECEIPTS TAXES.

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 § 2301(d)(1), Title 30, Delaware Code, by striking the figure “0.307%” as it appears therein and inserting in lieu thereof the figure “0.384%”.

Section 2. Amend § 2502(c)(1), Title 30, Delaware Code, by striking the figure “0.499%” as appears therein and inserting in lieu thereof the figure “0.624%”.

Section 3. Amend 2702(b)(1), Title 30, Delaware Code, by striking the figure “0.144%” as it appears therein and inserting in lieu thereof the figure “0.180%”.

Section 4. . Amend § 2902(c)(1), Title 30, Delaware Code, by striking the figure “0.307%” as it appears therein and inserting in lieu thereof the figure “0.384%”.

Section 5. Amend § 2902(c)(3), Title 30, Delaware Code, by striking the figure “0.192%” as it appears therein and inserting in lieu thereof the figure “0.240%”.

Section 6. Amend § 2903(c)(1), Title 30, Delaware Code, by striking the figure “0.154%” as it appears therein and inserting in lieu thereof the figure “0.192%”.

Section 7. Amend § 2904(c)(1), Title 30, Delaware Code, by striking the figure “0.077%” as it appears therein and inserting in lieu thereof the figure “0.096%”.

Section 8. Amend § 2905(b)(1), Title 30, Delaware Code, by striking the figure “0.576%” as it appears therein and inserting in lieu thereof the figure “0.720%”.

Section 9. Amend § 2905(g), Title 30, Delaware Code, by striking the figure “0.576%” as it appears therein and inserting in lieu thereof the figure “0.720%”.

Section 10. Amend § 2906(c)(1), Title 30, Delaware Code, by striking the figure “0.499%” as it appears therein and inserting in lieu thereof the figure “0.624%”.

Section 11. Amend § 2907(c)(1), Title 30, Delaware Code, by striking the figure “0.077%” as it appears therein and inserting in lieu thereof the figure “0.096%”.

Section 12. Amend § 2908(c), Title 30, Delaware Code, by striking the words and figures “the rate of 0.307% of the first $2 million per month and 0.576% thereafter” as they appear therein and inserting in lieu thereof the words and figures “the rate of 0.315% of the first $2 million per month and 0.590% thereafter”.

Section 13. Amend § 4302(a), Title 30, Delaware Code, by striking the figure “1.536%” as it appears therein and inserting in lieu thereof the figure “1.92%”.

Section 14. Amend § 4305, Title 30, Delaware Code by deleting the parenthetical words as they appear immediately after the figure “0.230%” in subsection (b) and by deleting the figure “0.230%” as it appears in subsection (b) and inserting in lieu thereof the figure “0.288%”.

Section 15. Amend § 4307, Title 30 Delaware Code, as follows: in paragraph (a)(2) of § 4307 replace the numerals and punctuation “§ 4302(a)(2)” with the numerals and punctuation “§ 4302(b)” .

Section 16. The amendments made by Sections 1 through 14 of this Act shall be repealed for taxable periods beginning after March 31, 2012, and the provisions of the Delaware Code that are amended by Sections 1 through 14 of this Act that were in effect immediately prior to the enactment of this Act shall be revived and applicable for taxable periods after March 31, 2012.

Section 17. If any clause, sentence, section, provision or part of this Act shall be adjudged to be unconstitutional or invalid for any reason by any court of competent jurisdiction, such judgment shall not impair, invalidate, or affect the remainder of this Act, which shall remain in full force and effect.

Section 18. Sections 1 through 14, and 16 of this Act shall be effective for taxable periods beginning after December 31, 2008. Sections 15 and 17 of this Act shall be effective upon enactment.

Approved July 01, 2008