Small Business Reading Room


Wednesday, June 24, 2009

Delaware Corporate Legislation Tracker

There will probably be daily updates on these bills over the next week.

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, Title 8 - Corporations, Title 12 - Decedents' Estates and Fiduciary Relations, and Title 29 - State Government was acted upon by the General Assembly on 6/24/2009:

HB 267
Title: AN ACT TO AMEND TITLE 6, TITLE 8, TITLE 12, AND TITLE 29 OF THE DELAWARE CODE RELATING TO VARIOUS FEES AND TAXES CHARGED BY THE SECRETARY OF STATE.

Synopsis: This Act increases various fees and taxes assessed by the Delaware Secretary of State. The Act provides for an effective date as of January 1, 2009 for all tax changes and an effective date of August 1, 2009 for all other changes.

History:

Jun 24, 2009 - Reported Out of Committee
(REVENUE & FINANCE) in House with 6 On Its Merits
Jun 24, 2009 - Amendment HA 6 to HB 267- Introduced and Placed With Bill
Jun 24, 2009 - Amendment HA 5 to HB 267- Introduced and Placed With Bill
Jun 24, 2009 - Amendment HA 4 to HB 267- Introduced and Placed With Bill
Jun 24, 2009 - Amendment HA 3 to HB 267- Introduced and Placed With Bill
Jun 24, 2009 - Amendment HA 2 to HB 267 - Introduced and Placed With Bill
Jun 23, 2009 - Amendment HA 1 to HB 267 - Introduced and Placed With Bill
Jun 22, 2009 - Introduced and Assigned to Revenue & Finance Committee in House



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 24, 2009 - Amendment HA 1 to HB 239- Introduced and Placed With Bill

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 24, 2009 - Amendment HA 1 to HB 241- Introduced and Placed With Bill

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




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 24, 2009 - Amendment HA 1 to HB 240- Introduced and Placed With Bill

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




The following Legislation affecting Title 9 - Counties, and Title 29 - State Government was acted upon by the General Assembly on 6/24/2009:

HB 262
Title: AN ACT TO AMEND TITLE 9 AND TITLE 29 OF THE DELAWARE CODE RELATING TO GOVERNMENT RECORDS MANAGEMENT.

Synopsis: This Act increases the current State surcharge on each document or paper recorded or filed with the county recorders from $6 to $30. Additional proceeds of $24 per recordation or filing will supplement the Government Records Management Improvement Fund, which is renamed by this Act as the Delaware Cultural Access Fund. Fund fees retained by the State will be used to promote, preserve and protect Delaware’s cultural assets. Fees for the Government Records Management Improvement Fund have not been increased since 1991.


History:

Jun 24, 2009 - Reported Out of Committee (REVENUE & FINANCE) in House with 6 On Its Merits, 2 Unfavorable
Jun 23, 2009 - Amendment HA 1 to HB 262 - Introduced and Placed With Bill
Jun 22, 2009 - Introduced and Assigned to Revenue & Finance Committee in House




The following Legislation affecting Title 30 - State Taxes was acted upon by the General Assembly on 6/24/2009:

HB 266
Title: AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO GROSS RECEIPTS TAXES.

Synopsis: This Act increases certain General Fund business and occupational gross receipts tax rates. Sections 1 through 16 of the Act set forth the specific gross receipts tax rate increases made by the Act. Section 17 of the Act eliminates a sunset provision that would have automatically repealed the gross receipts tax rate increases that were enacted in 2008. Section 18 of the Act is a severance provision. Section 19 of the Act provides that the rate increases made by Sections 1 through 16 of the Act are effective for taxable periods beginning after December 31, 2009.

History:

Jun 24, 2009 - Reported Out of Committee (REVENUE & FINANCE) in House with 4 On Its Merits, 2 Unfavorable
Jun 23, 2009 - Amendment HA 1 to HB 266 - Introduced and Placed With Bill
Jun 22, 2009 - Introduced and Assigned to Revenue & Finance Committee in House



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