Form Cra - Combined Registration Application For State Of Delaware Business License And/or Withholding Agent - Division Of Revenue Page 35

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An election under this section shall be irrevocable for a period of one year from
the date of such election and shall apply to all development activities of such
contractor during such one-year period. Subsequent elections may be made on an
annual basis on January 1 of each year. Deductions under this section can only be
made at the time of the sale and not before.
5. In addition, in determining the gross receipts tax, the developer will be entitled to
deduct from gross proceeds all payments made to subcontractors as provided in
30 Del. C. Ch. 25 with respect to the real property being sold, to the extent such
subcontractor payments are not of the type specified under subparagraph (2) or (3)
of this paragraph.
VI.
EFFECTIVE DATE
The provisions of this Technical Information Memorandum are applicable to all contracts
executed after August 19, 1993, except for Section V, which is effective for all gross
receipts received after June 30, 1993.
VII.
TECHNICAL INFORMATION MEMORANDUM NUMBERS 86-10 (December
29, 1986) and 90-1 (March 1,1990)
Technical Information Memorandums 86-10 (December 29,1986) and 90-1 (March
1,1990) are hereby incorporated by reference, merged, and supplemented. To the extent
of any inconsistency, this Memorandum controls.
VII.
CONTACT PERSONS FOR ADDITIONAL INFORMATION
Division of Revenue:
David M. Smith
Senior Tax Examiner
(302) 577-2554
Department of Labor:
Mary Gryzik
Status Unit Supervisor
(302) 368-6745
Industrial Accident Board:
Doris Chapman
Production Supervisor
(302) 577-2884
William M. Remington
Acting Director of Revenue

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