Delaware Enacts Legislation Increasing Corporate Taxes and Filing Fees
Posted:7/01/03
On June 19, 2003, Governor Minner signed House Bills 267 and 268 amending
Titles 6, 8, 12 and 29 of the Delaware Code to increase overall taxes
and fees paid by corporations and other business entities by 17%. All
tax changes are effective as of January 1, 2003 and all other fee changes
are effective beginning August 1, 2003. A synopsis of the fee changes
is as follow:
|
Corporations
|
||
| Tax/Fee Type |
Prior Fee
|
New Fee
|
| Domestic Corporation Franchise Tax Report Fee |
$20
|
$25
|
|
Franchise Tax Rates:
|
||
|
$150,000
|
$165,000
|
|
|
$200
|
$240
|
|
|
$30
|
$35
|
|
|
$50
|
$60
|
|
|
$90
|
$110
|
|
|
$50
|
$60
|
|
| Penalty for Failure to File Domestic Corporation Franchise Tax Report |
$50
|
$100
|
| Foreign Corporation Annual Report Fee |
$50
|
$60
|
| Penalty for Failure to File Foreign Corporation Annual Report |
$50
|
$100
|
| DCIS Data Entry Fee |
$20
|
$25
|
| Certified Copies |
$20
|
$30
|
| Short Form Good Standing |
$20
|
$30
|
| Long Form Good Standing |
$100
|
$125
|
| Receiving/filing/indexing a Certificate of Conversion from a Domestic Corporation to another entity |
$50
|
$100
|
| Insufficient Funds/Stop Payment Order Fee |
$25
|
$60
|
|
Limited
Liability Companies
|
||
| Tax/Fee Type |
Prior Fee
|
New Fee
|
| Annual Tax |
$100
|
$200
|
| Penalty for Failure to Pay Annual Tax |
$100
|
$200
|
| Formation of a Domestic LLC |
$50
|
$90
|
| Most Other Domestic LLC Certificates |
$50
|
$100
|
| Miscellaneous LLC Filings |
$25
|
$50
|
| Certain Foreign LLC Filings |
$50
|
$100
|
| Certified Copies |
$20
|
$30
|
| Short Form Good Standing |
$20
|
$30
|
| Long Form Good Standing |
$100
|
$125
|
| Insufficient Funds/Stop Payment Order Fee |
$25
|
$60
|
|
Limited Partnerships
|
||
| Tax/Fee Type |
Prior Fee
|
New Fee
|
| Annual Tax |
$100
|
$200
|
| Penalty for Failure to Pay Annual Tax |
$100
|
$200
|
| Miscellaneous LP Filings |
$25
|
$50
|
| Certified Copies |
$20
|
$30
|
| Short Form Good Standing |
$20
|
$30
|
| Long Form Good Standing |
$100
|
$125
|
| Insufficient Funds/Stop Payment Order Fee |
$25
|
$60
|
|
General Partnerships &
Limited Liability Partnerships
|
||
| Tax/Fee Type |
Prior Fee
|
New Fee
|
| Annual Tax |
$100 (per partner for LLPs)
|
$200 (per partner for LLP - no change to $120,000
cap)
|
| Penalty for Failure to Pay Annual Tax |
$100(per partner for LLPs)
|
$200(per partner for LLPs)
|
| LLP Statement of Qualification |
$100 per partner
|
$200 per partner
|
| Miscellaneous Filings |
$25
|
$50
|
| Certified Copies |
$20
|
$30
|
| Short Form Good Standing |
$20
|
$30
|
| Long Form Good Standing |
$100
|
$125
|
| Insufficient Funds/Stop Payment Order Fee |
$25
|
$60
|
|
Statutory Trusts
|
||
| Tax/Fee Type |
Prior Fee
|
New Fee
|
| Domestic & Foreign Statutory Trust Filings |
$100
|
$200
|
| Name Reservation |
$50
|
$75
|
| Certified Copies |
$10
|
$30
|
| Short Form Good Standing |
$10
|
$30
|
| Long Form Good Standing |
$10
|
$125
|
To access the full text of Delaware House Bills 267
and 268, go to www.statenet.com,
and click on the link for Statenet Subscriber Services. Log in to the
Website using the login "billtext", and the password "text." Click on
Legislation, and then Search by Bill Number. Enter the entire bill number,
without spaces (e.g., DEH267 and DEH268)), and click on Run Search. The
bill status will appear. Select the Bill Text icon on the far right side
of the screen to review the full text of the bill. When you are finished
reviewing the bill status and bill text, please click on the Sign Out
icon in the upper right corner of the screen to end your session.
CSC is ready to assist you through these changes to ensure your filings
are not rejected or delayed. However, if you have any questions, please
contact your CSC Customer Service representative at 1-800-927-9800 for
assistance.
