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DE HB10
Bill
Status
3/10/2009
Primary Sponsor
John Kowalko
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AI Summary
HB 10 Summary
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Amends Title 30 of the Delaware Code to create tax exemptions for certain petroleum refining transactions from the Wholesale Merchants' Gross Receipts Tax and Manufacturers' Gross Receipts Tax.
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Exempts gross receipts from sales of crude oil by crude oil wholesalers to petroleum product refiners from wholesale tax.
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Exempts gross receipts from transactions involving intermediate petroleum products (partially refined products) between petroleum product refiners and intermediate petroleum products wholesalers from wholesale tax.
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Exempts gross receipts from sales of finished petroleum products by refiners to finished petroleum products wholesalers, and between wholesalers in a control relationship (100% common ownership), from wholesale tax.
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Effective for taxable periods beginning after the date of enactment.
Legislative Description
An Act To Amend Title 29 Of The Delaware Code Relating To Public Officers' And Employees' Health Care Insurance, State Employees' Pension Plan, And Other State Employee Benefits.
Last Action
HS 1 for HB 10 - Reported Out of Committee (APPROPRIATIONS) in House with 5 On Its Merits
6/2/2010