Title 5 — Banking
30 chapters · 197 sections in this title.
5 Del. C. § 1801. Annual franchise tax; rate of taxation.
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§ 1801. Annual franchise tax; rate of taxation. (a) A franchise tax is hereby imposed on the “taxable income” of building and loan associations (computed on a basis that consolidates with the income of such building and loan association for the tax year involved, the income of al…
5 Del. C. § 1802. Report of net earnings and payment of tax; penalties.
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§ 1802. Report of net earnings and payment of tax; penalties. (a) Within 75 days after the end of its fiscal year the building and loan association, acting through its president, treasurer, or other proper officer, shall report under oath to the State Bank Commissioner, the net e…
5 Del. C. § 1803. Tax lien.
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§ 1803. Tax lien. If any building and loan association shall fail to pay any tax due under this chapter, on or before the due date, the full amount of all such tax due the State shall be a lien in favor of the State upon all property and all rights to property, real or personal, …
5 Del. C. § 1804. State corporation income tax; exemption.
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§ 1804. State corporation income tax; exemption. All building and loan associations being taxed in accordance with this chapter shall be exempt from the state corporation income tax beginning with the fiscal year for each such building and loan association in which this chapter s…
5 Del. C. § 1805. Rules and regulations.
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§ 1805. Rules and regulations. The State Bank Commissioner may, from time to time, adopt and promulgate rules and regulations for the reporting and collection of the franchise taxes imposed in accordance with this chapter and not inconsistent with this title.59 Del. Laws, c. 434,…
5 Del. C. § 1806. Exemption from other taxes.
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§ 1806. Exemption from other taxes. The taxation of the income of the building and loan associations under this chapter shall be in lieu of all taxes upon the capital, surplus, property and assets of such organization, except that no real estate owned by any such organization con…
5 Del. C. § 1807. Secrecy of returns and information; penalty.
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§ 1807. Secrecy of returns and information; penalty. (a) Except in accordance with proper judicial order or as otherwise provided by law, it shall be unlawful for the Commissioner or any person who is an officer or employee in the Office of the Commissioner, or for any other offi…
5 Del. C. § 1808. Abatements.
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§ 1808. Abatements. (a) The Commissioner is authorized to abate the unpaid portion of the assessment of any tax, interest, penalty, additional amount or addition to the tax, or any liability in respect thereof, which is: (1) Excessive in amount; (2) Assessed after the expiration …
5 Del. C. § 1809. Closing agreements.
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§ 1809. Closing agreements. The Commissioner, or any person authorized in writing by the Commissioner, is authorized to enter into an agreement in writing with any person relating to the liability of such person (or of another person for whom such person acts) with respect to any…