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DE HB148

Bill

Official Source

Status

Passed

7/8/2009

Primary Sponsor

Helene Keeley

Click for details

Origin

House of Representatives

145th General Assembly

AI Summary

  • Reduces gross receipts tax rates across multiple business categories to pre-December 31, 2009 levels
  • Lowers tax rates in 16 different sections of Delaware Code Title 30, including reductions for financial institutions, insurance, telecommunications, and other business sectors
  • Specific rate reductions range from 0.096% to 1.92%, with examples including Section 2301(d)(1) reduced from 0.4147% to 0.384% and Section 4302 reduced from 2.0736% to 1.92%
  • Effective for tax periods commencing after December 31, 2011
  • Includes severability clause to preserve remaining provisions if any portion is found unconstitutional

Legislative Description

An Act To Amend Title 4 Of The Delaware Code Relating To Disposition Of Stock Of Insolvent, Deceased Or Former Licensee.

Last Action

Signed by Governor

7/8/2009

Full Bill Text

No bill text available