CHAPTER 242
FORMERLY
HOUSE BILL NO. 414
AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO TAXES ON PERSONAL INCOME.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE :
Section 1. Amend § 1102(a), Title 30 of the Delaware Code, by adding a new paragraph (11) to read as follows:
“(11) For taxable years beginning after December 31, 1999, the amount of tax shall be determined by reference to paragraph (10) and 5.95 % of taxable income in excess of $60,000.”
Section 2. This Act shall be effective for tax periods commencing after December 31, 1999.