§ 6303. Imposition of tax; “capital base” defined.
§ 6303. Imposition of tax; “capital base” defined. (a) The tax payable by an affiliated finance company shall be in accordance with the following table: If the capital base is: The annual license fee shall be: $0 to $99,999,999.99 $10,000 $100,000,000 to $224,999,999.99 $15,000 $225,000,000 to $749,999,999.99 $25,000 Over $750,000,000 $50,000 (b) The “capital base” […]
§ 6304. Payment of tax.
§ 6304. Payment of tax. The tax imposed by § 6303 of this title shall be due and payable in a single installment on or before April 30 of the calendar year with respect to which the license is issued or as soon thereafter as the corporation shall commence operations as an affiliated finance company […]
§ 6305. Exemption from occupational license taxes.
§ 6305. Exemption from occupational license taxes. Notwithstanding this title, all affiliated finance companies being taxed in accordance with this chapter shall be exempt from any occupational license taxes imposed by Part III of this title. 63 Del. Laws, c. 2, § 23;
§ 6401. Definitions.
§ 6401. Definitions. As used in this chapter and in §§ 2061 through 2063 of this title: (1) “Affiliated group” has the meaning provided by § 1504 of the Internal Revenue Code [26 U.S.C. § 1504], but including for this purpose: a. Foreign corporations that would otherwise not be includible corporations; and b. Partnerships, as […]
§ 6402. Imposition of income tax on Headquarters Management Corporations.
§ 6402. Imposition of income tax on Headquarters Management Corporations. Every Headquarters Management Corporation shall annually pay a tax in lieu of the taxes imposed under Chapter 19 of this title equal to the greater of: (1) Eight and seven tenths percent of its Headquarters Management Corporation taxable income; or (2) Five thousand dollars. 74 […]
§ 6403. Computation of Headquarters Management Corporation taxable income.
§ 6403. Computation of Headquarters Management Corporation taxable income. (a) Except as modified in subsections (b) and (c) of this section, the Headquarters Management Corporation taxable income of a Headquarters Management Corporation for any income year means the amount of its federal taxable income for such year as computed for purposes of the federal income […]
§ 6404. Election and returns.
§ 6404. Election and returns. (a) Election. — Every Headquarters Management Corporation desiring to be certified under this chapter shall file an election with its application for a Headquarters Management Corporation license. (b) Termination of election. — An election under this section shall remain in effect until terminated by revocation by the taxpayer or the […]
§ 6405. Payment of tax.
§ 6405. Payment of tax. The tax imposed by this chapter shall be payable as follows: (1) Calendar year corporations. — Twenty-five percent of the estimated tax liability for the current taxable year shall each be paid with the tentative return required to be filed on or before April 1 of the current taxable year, […]
§ 6406. Regulations.
§ 6406. Regulations. The Director of Revenue is authorized to promulgate rules, regulations and decisions not inconsistent with this chapter and require such facts and information to be reported as the Director deems necessary for its administration and enforcement and the certification of Headquarters Management Corporations. No rule or regulation adopted pursuant to the authority […]
§ 6407. Taxes of other states.
§ 6407. Taxes of other states. (a) A Headquarters Management Corporation shall be credited with the amount of any income tax paid under this chapter on income upon which income tax (or tax computed upon or by reference to income) was also paid with respect to the taxable year to any other state of the […]