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DE HB156

Bill

Status

Passed

7/2/2009

Primary Sponsor

Daniel Short

Click for details

Origin

House of Representatives

145th General Assembly

AI Summary

  • Reduces most fees and taxes charged by the Delaware Secretary of State back to their pre-December 31, 2009 rates

  • Lowers UCC filing fees from $100 to $75 and adjusts expedited service fees with tiers ranging from $50 for 24-hour service up to $1,000 for one-hour service

  • Reduces various business entity filing fees, including certificate of formation fees from $200 to $100, amendment fees from $50 to $30, and certificate fees from $200 to $50

  • Decreases maximum annual franchise tax on corporations from $180,000 to $165,000, with minimum tax reduced from $350 to $250 under certain calculation methods

  • Effective date of January 1, 2012

Legislative Description

An Act To Amend Title 25 Of The Delaware Code Relating To The Delaware Uniform Common Interest Ownership Act.

Last Action

Signed by Governor

7/2/2009

Committee Referrals

Housing & Community Affairs5/28/2009

Full Bill Text

No bill text available