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DE SB125
Bill
AI Summary
- Establishes a state income tax exemption for interest earned on bonds and notes issued by the Sustainable Energy Utility
- Amends § 8059(j)(2) of Title 29 of the Delaware Code by adding new subparagraph "g"
- Interest on Sustainable Energy Utility bonds or notes shall be exempt from income taxation by Delaware State and any political subdivision thereof
- Sponsored by Sen. McDowell and Rep. Brady, with additional co-sponsors from both chambers
Legislative Description
An Act To Amend Chapter 80, Title 29 Of The Delaware Code Relating To The Taxation Of Interest On Bonds And Notes Issued By The Sustainable Energy Utility.
Last Action
Signed by Governor
7/5/2011
Committee Referrals
Revenue & Finance6/21/2011
Finance6/14/2011
Full Bill Text
No bill text available