AN ACT TO AMEND TITLE 29 AND TITLE 30 OF THE DELAWARE CODE RELATED TO BUDGET AND FISCAL REGULATIONS FOR STATE AGENCIES AND ADMINISTRATIVE RESPONSIBILITIES OF THE DEPARTMENT OF FINANCE.

This Act is the Department of Finance's Annual "housekeeping" legislation. Specifically: (1) Section 1 of this Act removes an antiquated statewide refund cap from budgetary practice. (2) Section 2 of this Act ensures the procedure for calculating County Seat payments for State-owned properties is consistent with the maximum amount appropriated for this purpose. (3) Section 3 of this Act updates background check requirements for Division of Revenue staff and contractors to align with federal requirements. (4) Section 4 of this Act ensures regular updates are made to census tract definitions used as part of the Creation of Employment and Qualified Investment tax credit. (5) Section 5 of this Act limits eligibility for New Economy retained jobs credits, as intended by the Commitment to Innovation Act. (6) Section 6 of this Act clarifies the definitions of “lessor” and “lessee” for Occupational and Business License Taxes to reflect modern leasing transactions. (7) Section 7 of this Act excludes manufacturing companies from a 2% State Realty Transfer Tax on construction contracts made within the first year of a realty transfer. (8) Section 8 of this Act provides for severability. This Act also makes technical correction to conform existing law to the standards of the Delaware Legislative Drafting Manual.