CHAPTER 152
FORMERLY
HOUSE BILL NO. 547
AN ACT AMENDING PART II, CHAPTER 11, TITLE 30, DELAWARE CODE, RELATING TO THE RATE OF TAX ON TAXABLE PERSONAL INCOME.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Amend subsection (a), Section 1102, Subchapter I, Chapter 11, Part II, Title 30, Delaware Code, by striking all that follows after the colon at the end of the second sentence, and inserting in lieu thereof the following:
1.6% of the amount of taxable income not in excess of $1,000; 2.2% of the amount of taxable income in excess of $1,000 but not in excess of $2,000; 3.3% of the amount of taxable income in excess of $2,000 but not in excess of $3,000; 4.4% of the amount of taxable income in excess of $3,000 but not in excess of $4,000; 5.5% of the amount of taxable income in excess of $4,000 but not in excess of $5,000; 6.6% of the amount of taxable income in excess of $5,000 but not in excess of $6,000; 7.7% of the amount of taxable income in excess of $6,000 but not in excess of $8,000; 8.8% of the amount of taxable income in excess of $8,000 but not in excess of $20,000; 9.3% of the amount of taxable income in excess of $20,000 but not in excess of $25,000; 9.9% of the amount of taxable income in excess of $25,000 but not in excess of $30,000 ; 12.1 % of the amount of taxable income in excess of $30,000 but not in excess of $40,000; 13.2% of the amount of taxable income in excess of $40,000 but not in excess of $50,000; 15.4% of the amount of taxable income in excess of $50,000 but not in excess of $75,000; 16.5% of the amount of taxable income in excess of $75,000 but not in excess of $100,000; 19.8% of the amount of taxable income in excess of $100,000.
Section 2. This Act shall take effect on January 1, 1974.
Approved July 6, 1973.