CHAPTER 94
FORMERLY
HOUSE BILL NO. 172
AS AMENDED BY SENATE AMENDMENT NO. 1
AN ACT TO AMEND SECTION 1909(d), CHAPTER 19, TITLE 30, DELAWARE CODE, RELATING TO UNDERPAYMENT OF ESTIMATED TAX FOR CORPORATION INCOME TAX PURPOSES.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 2. Amend subsection (d), Section 1909, Chapter 19, Title 30, Delaware Code, relating to underpayment of estimated tax, by adding a new paragraph (5) to read as follows:
"(5) Large Corporations Required to Pay Minimum Percentage of Current Year Tax. -
(A) In the case of a large corporation, as defined In subparagraph (B), paragraph (4) shall not apply.
(B) For purposes of this paragraph, the term 'large corporation' means any corporation if such corporation (or any predecessor corporation) had Delaware taxable Income of $200,000 or more for any of the three taxable yers immediately preceding the taxable year involved."
Section 3. Effective Date. The amendments made by this Act shall apply to taxable years beginning after December 31, 1983.
Approved July 6, 1983.