CHAPTER 298
FORMERLY
HOUSE BILL NO. 840
AN ACT TO AMEND SECTION 1106, CHAPTER 11, TITLE 30, DELAWARE CODE, RELATING TO MODIFICATIONS TO FEDERAL ADJUSTED GROSS INCOME.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend Section 1106 (b), Chapter 11, Title 30, Delaware Code, relating to subtractions from Federal adjusted gross income, by adding to the end thereof a new paragraph (5) to read as follows:
"(5) an amount equal to the portion of the wages paid or incurred for the taxable year which is disallowed as a deduction for Federal tax purposes under Section 280 C, I.R.C., relating to portion of wages for which the new jobs tax credit is claimed."
Section 2. Effective Date. This amendment shall apply to taxable years ending on or after December 31, 1977.