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DE HB102

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 the maximum annual corporation franchise tax cap from $180,000 to $240,000
  • Applies to taxes computed under both paragraph (a)(1) and paragraph (a)(2) of § 503
  • Maintains minimum tax thresholds of $175 for paragraph (a)(1) computations and $350 for paragraph (a)(2) computations
  • Requires three-fifths majority vote in both houses of the General Assembly to pass

Legislative Description

An Act To Amend Title 8 Of The Delaware Code Relating To Corporation Franchise Tax.

Last Action

Stricken in House

1/23/2018

Committee Referrals

Revenue & Finance3/28/2017

Full Bill Text

No bill text available