CHAPTER 67
AN ACT TO AMEND TITLE 30, DELAWARE CODE, ENTITLED "STATE TAXES" PROVIDING FOR EXEMPTION FROM PERSONAL INCOME TAXATION IN THE HANDS OF A NON-RESIDENT OF INCOME FROM PARTNERSHIPS ENGAGED IN INVESTMENT ACTIVITIES.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Section 1116, Title 30, Delaware Code, is amended by adding at the end thereof the following new Subsection (15):
(15). In the case of a non-resident of the State of Delaware, amounts representing the taxable's share of the income of a partnership whose activities within this State are confined to the maintenance and management of its intangible investments and the collection and distribution of the income from such investments or from tangible property physically located outside this State.
Approved June 21, 1963.