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DE HB241

Bill

Official Source

Status

Introduced

6/17/2009

Primary Sponsor

John Kowalko

Click for details

Origin

House of Representatives

145th General Assembly

AI Summary

  • Amends Section 18-1107(b) of Title 6 of the Delaware Code to increase the annual tax on limited liability companies to $275
  • Tax applies to both domestic limited liability companies and foreign limited liability companies registered to do business in Delaware
  • Estimated to generate approximately $14.5 million in additional annual revenue for the State of Delaware
  • Requires three-fifths majority vote in both houses of the General Assembly to pass

Legislative Description

An Act To Amend Title 6 Of The Delaware Code Relating To Tax On Limited Liability Company.

Last Action

Stricken

6/24/2009

Committee Referrals

Revenue & Finance6/17/2009

Full Bill Text

No bill text available