Delaware HB296 amends the Delaware Code to update administrative responsibilities of the Department of Finance, including tax definitions and filing.

Delaware HB296 amends the Delaware Code to update the administrative responsibilities of the Department of Finance. The bill defines "trust fund tax" as a tax collected by a third party on behalf of the State. It mandates that the Division of Revenue number, record, and electronically store certificates filed under the trade name registration section. The bill also revises penalties for false affidavits and updates the limitations on tax assessments. It sets timelines for taxpayer protests and final assessments, varying by tax type.

Delaware HB296 amends the Delaware Code to update administrative responsibilities of the Department of Finance, including tax definitions and filing.

Delaware HB296 amends the Delaware Code to update the administrative responsibilities of the Department of Finance. The bill defines "trust fund tax" as a tax collected by a third party on behalf of the State. It mandates that the Division of Revenue number, record, and electronically store certificates filed under the trade name registration section. The bill also revises penalties for false affidavits and updates the limitations on tax assessments. It sets timelines for taxpayer protests and final assessments, varying by tax type.