DE HB10 | 2011-2012 | 146th General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on January 28 2011 - 100% progression
Action: 2011-01-28 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on January 28 2011 - 100% progression
Action: 2011-01-28 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]
Summary
This Act exempts from the Wholesale Merchants’ Gross Receipts Tax and from the Manufacturers’ Gross Receipts Tax the gross receipts realized in certain intermediate transactions engaged in by petroleum product refiners with certain specialized trade parties during the petroleum refining process. The Act exempts from the Wholesale Merchants’ Gross Receipts Tax the gross receipts from (i) sales of crude oil by a crude oil wholesaler to a petroleum product refiner, (ii) sales of intermediate petroleum products that have been partially refined by a petroleum product refiner to an intermediate petroleum products wholesaler and from an intermediate petroleum products wholesaler back to a petroleum product refiner, (iii) sales of finished petroleum products by a petroleum product refiner to a finished petroleum products wholesaler, and (iv) sales of finished petroleum products by a finished petroleum products wholesaler to a wholesaler, if the finished petroleum products wholesaler and the wholesaler stand in a control relationship, i.e., one owns, directly or indirectly, 100% of the other or a third party owns, directly or indirectly, 100% of both the finished petroleum products wholesaler and the wholesaler. Proceeds from sales of a petroleum product refiner to an intermediate petroleum products wholesaler are similarly exempted from the Manufacturers’ Gross Receipts Tax. It is anticipated that these changes will not cause a decrease in the Wholesale Merchants’ Gross Receipts Tax or the Manufacturers’ Gross Receipts Tax.
Title
An Act To Amend Title 30 Of The Delaware Code Relating To Manufacturers And Wholesalers.
Sponsors
Roll Calls
2011-01-26 - Senate - Senate Third Reading (Y: 13 N: 0 NV: 0 Abs: 8) [PASS]
2011-01-20 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]
2011-01-20 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2011-01-28 | Signed by Governor | |
| 2011-01-26 | Passed by Senate. Votes: Passed 13 YES 0 NO 0 NOT VOTING 8 ABSENT 0 VACANT | |
| 2011-01-26 | Necessary rules are suspended in Senate | |
| 2011-01-25 | Assigned to Executive Committee in Senate | |
| 2011-01-20 | Passed by House of Representatives. Votes: Passed 41 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT | |
| 2011-01-20 | Amendment HA 1 - Passed in House by Voice Vote | |
| 2011-01-20 | Amendment HA 1 - Introduced and Placed With Bill | |
| 2011-01-19 | Reported Out of Committee (REVENUE & FINANCE) in House with 11 On Its Merits | |
| 2011-01-18 | Introduced and Assigned to Revenue & Finance Committee in House |
