DE HB53

Reduces gross receipts tax rates effective for taxable periods beginning after December 31, 2013, with most business categories receiving approximately 1% rate reductions.

Decreases manufacturer tax rates by 30%, including manufacturers (0.180% to 0.126%), clean energy technology device manufacturers (0.135% to 0.0945%), and automobile manufacturers (0.135% to 0.0945%).

Adjusts tax rates for other business categories including retailers, restaurants, wholesalers, grocers, contractors, and lessors with corresponding rate decreases to maintain revenue consistency.

Makes immediate changes to motion picture film lease provisions (effective upon enactment) while delaying implementation of most tax rate changes to January 1, 2014.

Maintains existing $100,000 monthly deductions for most business categories and $1,250,000 deductions for manufacturers, with rules limiting deductions to one per enterprise with common ownership or control.