Small Business Reading Room


Friday, July 01, 2011

The Delaware Corporate Legislation Tracker

The Delaware Corporate Legislation Tracker is a free service, designed to keep you informed on current and pending legislation related to Delaware Corporate rules and regulations.

Stay on top of proposed legislative changes to the DGCL and important issues related to business in Delaware!

Here's what's been happening this past week:


The following Legislation affecting Title 30 - State Taxes was acted upon by the General Assembly on 6/29/2011:

HB 218
Title: AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO BUSINESS TAX CREDITS AND DEDUCTIONS.



Synopsis:
This Act establishes a tax credit for Delaware taxpayers who invest in Certified Delaware Investment Funds. The purpose of the tax credit, equal to 25% of the amount of such investment, is to encourage investment in Delaware-based venture capital funds into which the State of Delaware has also made an investment.


Bill History:
Jun 29, 2011 - Introduced and Assigned to Revenue & Finance Committee in House


The following Legislation affecting Title 6 - Commerce and Trade was acted upon by the General Assembly on 6/30/2011:

HS 1 for HB 88
Title: AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO THE REGULATION OF SECURITIES.



Synopsis:

This bill, named the “Delaware Investor Protection Act,” re-organizes the provisions of the Delaware Securities Act (6 Del. C., Ch. 73) into seven subchapters and makes substantive amendments to the Act.



Bill History:
Jun 30, 2011 - Passed by Senate.
Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
Jun 30, 2011 - Necessary rules are suspended in Senate
Jun 14, 2011 - Assigned to Judiciary Committee in Senate
Jun 14, 2011 - Passed by House of Representatives.
Votes: Passed 39 YES 0 NO 0 NOT VOTING 2 ABSENT 0 VACANT
Jun 08, 2011 - Reported Out of Committee (JUDICIARY) in House with 1 Favorable, 5 On Its Merits
Jun 07, 2011 - Adopted in lieu of the original bill HB 88, and assigned to Judiciary Committee in House




The following Legislation was acted upon by the General Assembly on 6/30/2011:

SB 130
Title: A BOND AND CAPITAL IMPROVEMENTS ACT OF THE STATE OF DELAWARE AND CERTAIN OF ITS AUTHORITIES FOR THE FISCAL YEAR ENDING JUNE 30, 2012; AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS OF THE STATE; APPROPRIATING FUNDS FROM THE TRANSPORTATION TRUST FUND; APPROPRIATING SPECIAL FUNDS OF THE DELAWARE TRANSPORTATION AUTHORITY; DEAUTHORIZING AND REAUTHORIZING CERTAIN FUNDS OF THE TRANSPORTATION TRUST FUND; APPROPRIATING GENERAL FUNDS AND SPECIAL FUNDS OF THE STATE; REVERTING AND REPROGRAMMING CERTAIN FUNDS OF THE STATE; DIRECTING THE DEPOSIT OF CERTAIN FUNDS TO THE GENERAL FUND; SPECIFYING CERTAIN PROCEDURES, CONDITIONS AND LIMITATIONS FOR THE EXPENDITURE OF SUCH FUNDS; AMENDING CERTAIN PERTINENT STATUTORY PROVISIONS; AND AMENDING THE LAWS OF DELAWARE.



Bill History:
Jun 30, 2011 - Passed by Senate.
Votes: Passed 20 YES 1 NO 0 NOT VOTING 0 ABSENT 0 VACANT
Jun 30, 2011 - Amendment SA 1 - Defeated by Senate.
Votes: Defeated 3 YES 17 NO 1 NOT VOTING 0 ABSENT 0 VACANT
Jun 30, 2011 - Amendment SA 1 defeated
Jun 30, 2011 - Amendment SA 1 - Introduced in Senate
Jun 30, 2011 - Lifted From Table in Senate
Jun 30, 2011 - Necessary rules are suspended in Senate
Jun 28, 2011 - Laid On Table in Senate




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