Bill Text: DE HB148 | 2009-2010 | 145th General Assembly | Draft

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Bill Title: An Act To Amend Title 4 Of The Delaware Code Relating To Disposition Of Stock Of Insolvent, Deceased Or Former Licensee.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2009-07-08 - Signed by Governor [HB148 Detail]

Download: Delaware-2009-HB148-Draft.html

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SPONSOR:	Rep. Hudson & Rep. Miro & Rep. Ramone & Sen. Katz;
	Reps. Lavelle, Hocker, Blakey, Briggs King, Kenton, Lee, Manolakos, Outten, Peterman, D. Short, Willis, Wilson; Sens. Booth, Cloutier, Simpson, Venables

HOUSE OF REPRESENTATIVES

146th GENERAL ASSEMBLY

HOUSE BILL NO. 148

AN ACT TO AMEND TITLE 7 AND TITLE 30 OF THE DELAWARE CODE RELATING TO GROSS RECEIPTS TAX.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Three-fifths of all members elected to each house thereof concurring therein):

Section 1.Amend §2301(d)(1) [effective until July 1, 2013], Title 30, Delaware Code by striking "0.4147%" as it appears in the first sentence of paragraph (1) and inserting in lieu thereof "0.384%".

Section 2.Amend §2502(c)(1) [effective until January 1, 2014], Title 30, Delaware Code by striking " 0.6739%" as appears in the first sentence of paragraph (1) and inserting in lieu thereof "0.624%".

Section 3.Amend §2702(b)(1) [effective until January 1, 2014], Title 30, Delaware Code by striking "0.1944%" as it appears in the first sentence of paragraph (1) and inserting in lieu thereof "0.180%".

Section 4.Amend §2703(c)(1) [effective until January 1, 2014], Title 30, Delaware Code by striking "0.1458%" as it appears in the first sentence of paragraph (1) and inserting in lieu thereof "0.135%".

Section 5.Amend §2902(c)(1) [effective until January 1, 2014], Title 30, Delaware Code by striking "0.4147%" as it appears in the first sentence of paragraph (1) and inserting in lieu thereof "0.384%".

Section 6.Amend §2902(c)(3) [effective until January 1, 2014], Title 30, Delaware Code by striking "0.2592%" as it appears therein and inserting in lieu thereof "0.240%".

Section 7.Amend §2903(c)(1) [effective until January 1, 2014], Title 30, Delaware Code by striking "0.2074%" as it appears in the first sentence of paragraph (1) and inserting in lieu thereof "0.192%".

Section 8.Amend §2904(c)(1) [effective until January 1, 2014], Title 30, Delaware Code by striking "0.1037%" as it appears in the first sentence of paragraph (1) and inserting in lieu thereof "0.096%".

Section 9.Amend §2905(b)(1) [effective until January 1, 2014], Title 30, Delaware Code by striking "0.7776%" as it appears in the first sentence of paragraph (1) and inserting in lieu thereof "0.720%".

Section 10.Amend §2905(g) [effective until January 1, 2014], Title 30, Delaware Code by striking "0.7776%" as it appears in the first sentence of subsection (g) and inserting in lieu thereof "0.720%".

Section 11.Amend §2906(c)(1) [effective until January 1, 2014], Title 30, Delaware Code by striking "0.6739%" as it appears in the first sentence of paragraph (1) and inserting in lieu thereof "0.624%".

Section 12.Amend §2907(c)(1) [effective until January 1, 2014], Title 30, Delaware Code by striking "0.1037%" as it appears in the first sentence of paragraph (1) and inserting in lieu thereof "0.096%".

Section 13.Amend §2908(c) [effective until January 1, 2014], Title 30, Delaware Code by striking the phrase "the rate of 0.3402% of the first $2 million per month and 0.6372% thereafter" as it appears in the first sentence of subsection (c) and inserting in lieu thereof "the rate of 0.315% of the first $2 million per month and 0.590% thereafter".

Section 14.Amend §4302(a) [effective until January 1, 2014], Title 30, Delaware Code by striking "2.0736%" as it appears near the end of subsection (a) and inserting in lieu thereof "1.92%".

Section 15.Amend §4302(b) [effective until January 1, 2014], Title 30, Delaware Code by striking "2.0736%" as it appears therein and inserting in lieu thereof "1.92%".

Section 16.Amend §4305 [effective until January 1, 2014], Title 30, Delaware Code by striking "0.3110%" as it appears in the first sentence of subsection (b) and inserting in lieu thereof "0.288%".

Section 17.If any clause, sentence, section, provision or part of this Act is adjudged to be unconstitutional or invalid for any reason by any court of competent jurisdiction, such judgment shall not impair, invalidate, or affect the remainder of this Act, which shall remain in full force and effect.

Section 18.This Act shall be effective for tax periods commencing after December 31, 2011.

SYNOPSIS

This bill returns certain business and occupational gross receipt tax rates to their pre December 31, 2009 rates.