Delaware HB7 amends tax payment deadlines for certain taxes.
Delaware HB7 amends Title 18 of the Delaware Code to change the payment schedule for certain taxes. Specifically, it modifies the tax payment deadlines for the general premium tax and underwriting profits tax. Under the new schedule, 50% of the estimated tax liability for the current year must be paid by April 15, with the remaining balance paid in four installments: 20% by June 15, 20% by September 15, 10% by December 15, and the final balance by March 1 of the following year.
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- Core Provisions
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- Legal Framework
- Critical Issues
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