Section 1. Amend § 702(d), Title 18, Delaware Code, by striking all language after the words and punctuation “as follows:” as they appear therein and substituting in lieu thereof the following “Fifty percent of the estimated tax liability for the current year shall be paid on April 15 of the current year, and the balance of the estimated tax shall be paid in installments as follows: 20% on the 15th day of June of the current taxable year; 20% on the 15th day of September of the current taxable year; 10% on the 15th day of December of the current taxable year; and the remaining balance to be paid on March 1 of the following year.”
Section 2. This Act shall be effective for tax years beginning after December 31, 2008.