§ 102 — Limitation upon tax levy; personal property

Delaware § 102

• Jurisdiction: Delaware
• Title: 30
• Part: General Provisions; State Tax Agencies; Procedure and Enforcement
• Ch. 1: GENERAL PROVISIONS

Text

(a) No tax shall be levied, assessed or collected by this State upon personal property whether tangible or intangible.

(b) Subsection (a) of this section shall not be construed as having any effect upon any:

(1) Estate, income or other excise tax law of this State;

(2) Lands held under lease or demise;

(3) Buildings, improvements, equipment or structures of any nature made or erected upon lands so held under lease or demise; or

(4) Poles or wires maintained thereon other than for enclosing lands.

Legislative History

42 Del. Laws, c. 109 ; 42 Del. Laws, c. 110 ; 30 Del. C. 1953, § 102; 71 Del. Laws, c. 353, § 11