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DE HB148

Bill

Official Source

Status

Introduced

5/31/2011

Primary Sponsor

Gregory Lavelle

Click for details

Origin

House of Representatives

146th General Assembly

AI Summary

  • Reduces gross receipts tax rates across multiple business and occupational categories back to pre-December 31, 2009 levels
  • Lowers tax rates in 17 separate sections of Title 30, Delaware Code, with reductions ranging from approximately 0.009% to 0.154% depending on the business category
  • Includes specific rate reductions for categories such as utilities (§2301), transportation (§2502), manufacturing (§2702-2704), and various service industries (§2902-2908)
  • Contains a severability clause protecting the remainder of the Act if any provision is found unconstitutional or invalid
  • Becomes effective for tax periods commencing after December 31, 2011

Legislative Description

An Act To Amend Title 7 And Title 30 Of The Delaware Code Relating To Gross Receipts Tax.

Last Action

Amendment HA 1 - Introduced and Placed With Bill

6/2/2011

Committee Referrals

Revenue & Finance5/31/2011

Full Bill Text

No bill text available