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Key Votes

HB 265 - Increases Certain Business Taxes - Key Vote

Delaware Key Votes

Jack Markell signed this Legislation.

Read statements Jack Markell made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: Increases Certain Business Taxes

Legislation - Bill Passed (Senate) (13-7) - (Key vote)

Title: Increases Certain Business Taxes

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that increases certain business taxes.

Highlights:

  • Increases the annual tax on the following entities from $250 to $300 (Secs. 1-3):
    • every partnership;
    • every domestic limited partnership;
    • every foreign limited partnership;
    • every domestic limited liability company; and
    • every foreign limited liability company. 
  • Increases the minimum corporation tax from $75 to $175 for the following corporations (Secs. 4-6):
    • A corporation that is not authorized to sell stock and not exempt from taxes;
    • A corporation with an authorized capital stock no greater than 5,000 shares; or
    • A corporation with an assumed no-par capital no greater than $500,000.
  • Increases the minimum corporation tax from $150 to $250 for the following corporations (Secs. 4 & 5):
    • A corporation with an authorized capital stock between 5,000 and 10,000 shares; or
    • A corporation with an assumed no-par capital between $500,000 and $1 million.
Legislation - Bill Passed (House) (26-13) - (Key vote)

Title: Increases Certain Business Taxes

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that increases certain business taxes.

Highlights:

  • Increases the annual tax on the following entities from $250 to $300 (Secs. 1-3):
    • every partnership;
    • every domestic limited partnership;
    • every foreign limited partnership;
    • every domestic limited liability company; and
    • every foreign limited liability company. 
  • Increases the minimum corporation tax from $75 to $175 for the following corporations (Secs. 4-6):
    • A corporation that is not authorized to sell stock and not exempt from taxes;
    • A corporation with an authorized capital stock no greater than 5,000 shares; or
    • A corporation with an assumed no-par capital no greater than $500,000.
  • Increases the minimum corporation tax from $150 to $250 for the following corporations (Secs. 4 & 5):
    • A corporation with an authorized capital stock between 5,000 and 10,000 shares; or
    • A corporation with an assumed no-par capital between $500,000 and $1 million.
Legislation - Introduced (House) -

Title: Increases Certain Business Taxes

Sponsors

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