Delaware lawmakers passed a bill on Thursday that will increase some corporate taxes.
House Bill 265 will increase the annual tax on limited liabilities and partnerships on file with the Secretary of State from $250 to $300 a year, generating an extra $33.6 million for the state.
It will also increase the corporation franchise tax by $100 for some corporations, The legislation drawn little attention, given the debate over a proposed 10-cent gas tax increase and property tax surcharge for cleaning up the state’s waterways.
The state has traditionally leaned on corporate fees in filling budget gaps.
Click on the link below for more details from a story in WHYY Newsworks.
via Delaware legislators pass corporate tax bill — NewsWorks.
