§ 1908. Historic rehabilitation.
§ 1908. Historic rehabilitation. Any entity taxable under this section is eligible for tax credits in accordance with the Historic Preservation Tax Credit Act (Chapter 18 of this title), which credits shall be against taxes imposed under this chapter; provided, however, that all claimed credits are accompanied by a Certificate of Completion issued by the […]
§ 1909. Withholding of income tax on sale or exchange of real estate by nonresident corporations.
§ 1909. Withholding of income tax on sale or exchange of real estate by nonresident corporations. (a) Definitions. — (1) “Director” means the Director of the Division of Revenue or the Secretary of Finance of the State. (2) “Nonresident corporation” means, for purposes of this section, a corporation that: a. Is not organized under the […]
§ 1912. Penalties — Late filing; failure to file returns; false and fraudulent return; failure to maintain records.
§ 1912. Penalties — Late filing; failure to file returns; false and fraudulent return; failure to maintain records. (a) Any person who wilfully fails, neglects or refuses to make a return or to pay the tax as prescribed in this chapter or who shall refuse to permit the Secretary of Finance to examine the books, […]
§ 1901. Definitions.
§ 1901. Definitions. As used in this chapter: (1) “Administration services” means, in each case with respect to intangible investments (as such term is defined in § 1902(b)(8) of this title): a. Clerical; b. Accounting; c. Bookkeeping; d. Data processing; e. Internal auditing; f. Tax services; g. Regulatory compliance, operations and related services; h. Risk […]
§ 1902. Imposition of tax on corporations; exemptions.
§ 1902. Imposition of tax on corporations; exemptions. (a) Every domestic or foreign corporation that is not exempt under subsection (b) of this section shall annually pay a tax of 8.7 percent on its taxable income, computed in accordance with § 1903 of this title, which shall be deemed to be its net income derived […]
§ 1903. Computation of taxable income.
§ 1903. Computation of taxable income. (a) The “entire net income” of a corporation for any income year means the amount of its federal taxable income for such year as computed for purposes of the federal income tax increased by: (1) Any interest income (including discount) on obligations issued by states of the United States […]
§ 1904. Returns.
§ 1904. Returns. (a) A tentative return, covering estimated income tax liability for the current income year, to be in such form and containing such information as the Secretary of Finance shall prescribe, shall be filed with the Secretary of Finance as follows: In the case of a calendar year taxpayer, on or before April […]
§ 1905. Payment of tax.
§ 1905. Payment of tax. The tax imposed by this chapter shall be payable as follows: (1) Calendar year corporations. — a. Except as provided in paragraph (1)b. of this section, 50% of the estimated tax liability for the current taxable year shall be paid with the tentative return filed on April 15 of the […]
§ 1906. Short title.
§ 1906. Short title. This chapter shall be entitled “Delaware Corporate Income Tax Law of 1958.” 30 Del. C. 1953, § 1918; 51 Del. Laws, c. 298; 51 Del. Laws, c. 315, § 14; 68 Del. Laws, c. 187, §§ 12, 14;
§ 1907. Time of taking effect of tax.
§ 1907. Time of taking effect of tax. The tax shall be first effective with respect to income earned subsequent to December 31, 1957. 30 Del. C. 1953, § 1920; 51 Del. Laws, c. 298; 51 Del. Laws, c. 315, § 16; 68 Del. Laws, c. 187, §§ 12, 14;