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Delaware House Bill 175, Laws of 2017, has increased the following corporate franchise tax rates and amounts and statutory (business) trust fees, effective as noted below.

Franchise Tax
• Delinquency fees from $100 to $125 (January 1, 2018)
• Tax multiplier from $75 to $85 related to the authorized shares calculation (January 1, 2018)
• Tax multiplier from $350 to $400 related to the assumed par calculation (January 1, 2018)
• Minimum tax related to the assumed par calculation from $350 to $400 (January 1, 2018)
• Excepted as below, maximum tax from $180,000 to $200,000 (effective for the tax year beginning January 1, 2017)
• Creation of a new $250,000 maximum for certain publicly traded corporations effective for the tax year beginning January 1, 2017)

Statutory Trusts
• Maximum fee for filing documents from $300 to $500 (August 1, 2017)

The Bill may be accessed at http://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=25780&legislationTypeId=1&docTypeId=2&legislationName=HB175