PocketLaw | Delaware Code | Corporation Franchise Tax

Corporation Franchise Tax

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Corporations subject to and exempt from franchise tax.

Annual franchise tax report; contents; failure to file and pay tax; duties of Secretary of State.

Rates and computation of franchise tax.

Collection and disposition of tax; tentative return and tax; penalty interest; investigation of annual franchise tax report; notice of additional tax due.

Review and refund; jurisdiction and power of the Secretary of State; appeal.

Fund for payment of refunds.

Collection of tax; preferred debt.

Injunction against exercise of franchise or transacting business.

Further remedy in Court of Chancery; appointment of receiver or trustee; sale of property.

Failure to pay tax or file a complete annual report for 1 year; charter void; extension of time.

Repeal of charters of delinquent corporations; report to Governor and proclamation.

Filing and publication of proclamation.

Acting under proclaimed charter; penalty.

Mistakes in proclamation; correction.

Annual report of Secretary of State.

Retaliatory taxation and regulation; imposition.

Duties of Attorney General.

Relief for corporations with assets in certain unfriendly nations.