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DE HB266

Bill

Official Source

Status

Introduced

6/22/2009

Primary Sponsor

Valerie Longhurst

Click for details

Origin

House of Representatives

145th General Assembly

AI Summary

  • Increases gross receipts tax rates across multiple business categories in Delaware, with rate increases ranging from approximately 10% to 11% on existing rates
  • Specific rate increases include: financial institutions (0.384% to 0.4224%), wholesalers (0.624% to 0.6864%), manufacturers (0.180% to 0.1980%), and various other business classifications
  • Eliminates the sunset provision from 2008 legislation that would have automatically repealed the previously enacted gross receipts tax rate increases
  • Rate increases are effective for taxable periods beginning after December 31, 2009
  • Includes a severance clause to preserve the validity of the Act if any provision is found unconstitutional

Legislative Description

An Act To Amend Title 30 Of The Delaware Code Relating To Gross Receipts Taxes.

Last Action

Stricken

1/26/2010

Committee Referrals

Revenue & Finance6/22/2009

Full Bill Text

No bill text available