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DE HB101

Bill

Official Source

Status

Introduced

3/28/2017

Primary Sponsor

John Kowalko

Click for details

Origin

House of Representatives

149th General Assembly

AI Summary

  • Increases annual tax on domestic limited liability companies from $300 to $325
  • Increases annual tax on foreign limited liability companies registered to do business in Delaware from $300 to $325
  • Applies the new $325 tax rate to all limited liability companies subject to Delaware taxation
  • Generates additional revenue for the State of Delaware through the $25 per company tax increase

Legislative Description

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

Last Action

Reported Out of Committee (Revenue & Finance) in House with 7 On Its Merits

6/21/2017

Committee Referrals

Revenue & Finance3/28/2017

Full Bill Text

No bill text available