Delaware Code Title 30 Sec. 6303 – Imposition of tax; “capital base” defined
Current as of: 2023 | Check for updates
|
Other versions
(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 |
Terms Used In Delaware Code Title 30 Sec. 6303
- Affiliated finance company: means a corporation substantially all of whose activity within this State is limited to the issuance of commercial paper or other debt obligations and use of the proceeds to make loans to 1 or more of its affiliated corporations or to purchase receivables from 1 or more of its affiliated corporations. See Delaware Code Title 30 Sec. 6301
- Tax: shall be deemed also to refer to license fees imposed under Part III of this title. See Delaware Code Title 30 Sec. 502