Bill Text: DE HB216 | 2015-2016 | 148th General Assembly | Draft
Bill Title: An Act To Amend Title 8 Of The Delaware Code Relating To Corporation Franchise Tax.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2016-03-18 - Reported Out of Committee (REVENUE & FINANCE) in House with 8 On Its Merits [HB216 Detail]
Download: Delaware-2015-HB216-Draft.html
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SPONSOR: |
Rep. Kowalko & Rep. Lynn & Sen. Peterson |
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HOUSE OF REPRESENTATIVES 148th GENERAL ASSEMBLY |
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HOUSE BILL NO. 216 |
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AN ACT TO AMEND TITLE 8 OF THE DELAWARE CODE RELATING TO CORPORATION FRANCHISE TAX. |
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Three-fifths of all members elected to each house thereof concurring therein):
Section 1.Amend Title 8, §503(c) of the Delaware Code by making deletions as shown by strike through and insertions as shown by underline as follows:
(c) In
no case shall the tax on any corporation for a full taxable year, computed by
paragraph (a)(1) of this section be more than $180,000 $195,000
nor less than $175; or computed by paragraph (a)(2) of this section be more
than $180,000 $195,000 nor less than $350.
Section 2. This Act shall take effect on the January 1st following its enactment.
SYNOPSIS
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This bill raises the annual corporate franchise tax ceiling by $15,000, from $180,000 to $195,000. |
