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DE SB110
Bill
Status
7/21/2023
Primary Sponsor
Elizabeth Lockman
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AI Summary
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Doubles the courthouse municipality fee from $20 to $40 for each instrument filed with the Secretary of State for limited liability companies (LLCs) and corporations
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Fee revenue is deposited in a separate account and remitted monthly to municipalities designated as primary locations for Delaware courts, including the Court of Chancery
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Expected to raise $8.5 million for distribution to courthouse municipalities to defray costs of hosting Delaware's courts
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Fee is allocated to the municipality in the county where the business entity's registered office is located
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Effective date of August 1, 2023
Legislative Description
An Act To Amend Title 6 And Title 8 Of The Delaware Code Relating To The Courthouse Municipality Fee.
Last Action
Signed by Governor
7/21/2023