Small Business Reading Room


Thursday, June 18, 2009

Delaware Corporate Legislation Tracker

Increase in Delaware Franchise Tax- again? Here's one to watch...

The Delaware Corporate Legislation Tracker is a free service, designed to keep you up to date on current and pending legislation related to Delaware Corporate rules and regulations. Here is the latest installment:



The following Legislation affecting Title 6 - Commerce and Trade was acted upon by the General Assembly on 6/17/2009:

HB 239
Title: AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO TAX ON LIMITED LIABILITY COMPANY.



Synopsis:
This Act would increase the State tax levied and imposed on both domestic and foreign limited liability companies.

Bill History:

Jun 17, 2009 - Introduced and Assigned to Revenue & Finance Committee in House




HB 241
Title: AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO TAX ON LIMITED LIABILITY COMPANY.



Synopsis:
This Act would increase the State tax levied and imposed on both domestic and foreign limited liability companies.

Bill History:

Jun 17, 2009 - Introduced and Assigned to Revenue & Finance Committee in House




The following Legislation affecting Title 8 - Corporations was acted upon by the General Assembly on 6/17/2009:

HB 240
Title: AN ACT TO AMEND TITLE 8 OF THE DELAWARE CODE RELATING TO CORPORATE FRANCHISE TAX.



Synopsis:
This Act would increase the cap on the State corporate franchise tax levied and imposed on a corporation from $165,000 to $195,000 for any full taxable year.

Bill History:

Jun 17, 2009 - Introduced and Assigned to Revenue & Finance Committee in House






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