Bill Text: DE HB265 | 2013-2014 | 147th General Assembly | Draft
Bill 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.
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Passed) 2014-04-15 - Signed by Governor [HB265 Detail]
Download: Delaware-2013-HB265-Draft.html
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SPONSOR: |
Rep. Schwartzkopf & Rep. Longhurst & Rep. Viola & Sen. Blevins & Sen. McBride & Sen. Henry |
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HOUSE OF REPRESENTATIVES 147th GENERAL ASSEMBLY |
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HOUSE BILL NO. 265 |
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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. |
Section 1.Amend §15-1208(a), Title 6 of the Delaware Code, by making deletions as shown by strike through and insertions as shown by underline as follows:
(a) Every partnership that has filed a statement of partnership
existence shall pay an annual tax, for the use of the State of Delaware, in the
amount of $250 $300.
Section 2. Amend §17-1109(a), Title 6 of the Delaware Code, by making deletions as shown by strike through and insertions as shown by underline as follows:
(a) Every
domestic limited partnership and every foreign limited partnership registered
to do business in the State of Delaware shall pay an annual tax, for the use of
the State of Delaware, in the amount of $250 $300.
Section 3. Amend §18-1107(b), Title 6 of the Delaware Code, by making deletions as shown by strike through and insertions as shown by underline as follows:
(b) Every domestic limited liability company and every
foreign limited liability company registered to do business in the State of
Delaware shall pay an annual tax, for the use of the State of Delaware, in the
amount of $250 $300.
Section 4. Amend § 503(a)(1), Title 8 of the Delaware Code, by making deletions as shown by strike through and insertions as shown by underline as follows:
(1) Where the authorized capital stock does not exceed 5,000
shares, $75 $175; where the authorized capital stock exceeds
5,000 shares, but is not more than 10,000 shares, $150 $250; and
the further sum of $75 on each 10,000 shares or part thereof.
Section 5. Amend § 503(a)(2), Title 8 of the Delaware Code, by making deletions as shown by strike through and insertions as shown by underline as follows:
(2) Seventy five One hundred and seventy-five
dollars where the assumed no-par capital of the corporation, found in the
manner provided in this paragraph, does not exceed $500,000; $150 $250
where the assumed no-par capital exceeds $500,000 but is not more than
$1,000,000; and the further sum of $75 for each $1,000,000 or part thereof of
such additional assumed no-par capital."
Section 6. Amend § 503(c), Title 8 of the Delaware Code, by making deletions as shown by strike through and insertions as shown by underline as follows:
(c) In no case shall the tax on any corporation for a full
taxable year, computed by paragraph (a)(1) of this section be more than
$180,000 nor less than $75 $175; or computed by paragraph (a)(2)
of this section be more than $180,000 nor less than $350.
Section 7.This Act shall be effective as of January 1, 2014.
SYNOPSIS
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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. |
