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DE SB125
Bill
Status
Introduced
6/4/2009
Primary Sponsor
Colin Bonini
Click for details
AI Summary
- Amends Delaware Code Title 29, Section 8059(j)(2) to add a new provision exempting interest income from state taxation
- Interest earned on bonds or notes issued by the Sustainable Energy Utility is exempt from income taxation by the State of Delaware and any political subdivision
- Applies to all bonds and notes issued under the relevant section by the Sustainable Energy Utility
- Sponsored by Senator McDowell and Representative Brady, with co-sponsors from both chambers
Legislative Description
An Act Proposing An Amendment To Article Ii Of The Delaware Constitution Relating To The General Assembly.
Last Action
Assigned to Executive Committee in Senate
6/4/2009
Committee Referrals
Executive6/4/2009
Full Bill Text
No bill text available