Delaware Increases Franchise Tax For Corporations and Alternative Entities

Govenor Minner signed House Bills 519 and 520 into law earlier this month. This new legislation has increased taxes on Delaware entities as shown below:

Delaware Alternative entity (LLC/LP/GP) taxes increased from $200 to $250

Delaware Corporations (Domestic) taxes increased as follows:

1-5,000 shares = $75;
5,001-10,000 shares = $150;
each additional 10,000 shares = $75

Foreign Annual Report filing fee from $60 to $100

This new legislation is effective as of January 1, 2008.

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