Small Business Reading Room

HB 265
Title:  AN ACT TO AMEND TITLE 6 AND TITLE 8 OF THE DELAWARE CODE RELATING TO VARIOUS FEES AND TAXES CHARGED BY THE SECRETARY OF STATE.

Synopsis:
This Act increases the annual tax assessed on partnerships, limited partnerships and limited liability companies on file with the Secretary of State from $250 to $300 and increases the corporation franchise tax by $100 for those corporations that file on the authorized shares method.

Bill History:


Apr 03, 2014 - Assigned to Executive Committee in Senate
Apr 03, 2014 - Passed by House of Representatives. Votes: Passed 26 YES 13 NO 0 NOT VOTING 2 ABSENT 0 VACANT
Apr 03, 2014 - Amendment HA 4 - Defeated by House of Representatives. Votes: Defeated 13 YES 26 NO 0 NOT VOTING 2 ABSENT 0 VACANT
Apr 03, 2014 - Amendment HA 4 defeated
Apr 03, 2014 - Amendment HA 4 - Introduced in House
Apr 03, 2014 - Amendment HA 3 - Passed in House by Voice Vote
Apr 03, 2014 - Amendment HA 2 - Defeated by House of Representatives. Votes: Defeated 13 YES 26 NO 0 NOT VOTING 2 ABSENT 0 VACANT
Apr 03, 2014 - Amendment HA 2 defeated
Apr 03, 2014 - Amendment HA 1 - Passed in House by Voice Vote
Apr 03, 2014 - Amendment HA 3 - Introduced and Placed With Bill
Apr 01, 2014 - Amendment HA 2 - Introduced and Placed With Bill
Mar 25, 2014 - Amendment HA 1 - Introduced and Placed With Bill
Mar 19, 2014 - Reported Out of Committee (HOUSE ADMINISTRATION) in House with 2 On Its Merits, 1 Unfavorable
Mar 18, 2014 - Introduced and Assigned to House Administration Committee in House

SB 186
Title:  AN ACT TO AMEND TITLE 15 OF THE DELAWARE CODE RELATING TO CONTRIBUTIONS BY ENTITIES TO POLITICAL COMMITTEES.

Synopsis:
This bill requires entities contribute more than $100 to a political committees during an election cycle to disclose the name and address of a “responsible party”—that is, someone who shares or exercises direction or control over the entity’s activities. In so doing, this bill provides voters with additional information about where political money comes from, so they can better decide how to cast their votes. In addition, to help political committees and contributors accurately interpret and apply the law relating to the attribution of entity contributions, this bill requires the Elections Commissioner to adopt a uniform summary of the law in this area, with illustrative examples of how the law applies in specific cases. The Elections Commissioner is required to post the summary on its web site, and political committees are required to provide the summary to entity contributors at the request of such contributors.

Bill History:

Apr 03, 2014 - Assigned to Administrative Services/Elections Committee in Senate

HB 287
Title:  AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO THE PREVAILING WAGE.

Synopsis:
This bill establishes a set prevailing wage rate and eliminates the need for a survey based upon certain requirements.

Bill History:

Apr 01, 2014 - Introduced and Assigned to House Administration Committee in House

SBA and AARP Host Second Encore Entrepreneur Mentor Month in April with Events around the Country

“The SBA is working hard to increase opportunities for small businesses of the baby boomer generation and we believe 50-plus entrepreneurs will drive significant new business growth in the coming years,” said Tameka Montgomery, SBA Associate Administrator for Entrepreneurial Development.  “SBA is pleased to continue our partnership with AARP, uniting our efforts on Encore Entrepreneurship Mentor Month to help entrepreneurs transform their dreams into a successful reality.”

“AARP knows that many older Americans pursue entrepreneurship as a way to generate income and strengthen financial security,” said Debbie Banda, AARP interim Vice President, Financial Security.  “And for many of these workers, it is also a way to turn a hobby or passion into a paycheck.  AARP creates real possibilities by connecting experienced workers with the resources and guidance they need to help start or grow a small business,” Banda added.

Small Businesses Access to 7(a) and 504 Loan Programs is Getting Better

“These 504 and 7(a) program enhancements will expand program eligibility and improve access to capital for small businesses. Improvements in CDC corporate governance oversight enhance program integrity and encourages more local involvement,” said Ann Marie Mehlum, SBA Associate Administrator for the Office of Capital Access.

“One of the biggest challenges small businesses face is access to capital, added SBA mid-Atlantic Regional Administrator Natalia Olson-Urtecho. “Lowering loan barriers encourages entrepreneurs to start and grow businesses in their communities and strengthen our economy.”

• Elimination of the personal resource test which benefits borrowers by adding flexibility in the management of their allocation of personal resources to the small business;

• Elimination of the nine-month rule for 504 eligible project expenses which allows businesses a longer timeframe in which to organize and initiate their small business project;

• Revised 504 loan program collateral requirements to allow Third Party Lender to take collateral in addition to Project collateral under certain conditions; and

• Enhanced CDC corporate governance requirements to ensure more board accountability and to reduce risks to the SBA portfolio.

Area Attraction