Statutory Updates & Announcements

Upcoming 2003 Annual Reports Reflect Delaware’s Increase in Corporate Taxes and Filing Fees

As a reminder to customers who are responsible for Delaware Annual Report and Franchise Tax Payments:

On June 19, 2003, Governor Minner signed House Bills 267 and 268 amending Titles 6, 8, 12, and 29 of the Delaware Code to increase overall taxes and fees paid by corporations and other business entities by 17%. All tax changes are effective as of January 1, 2003, and all other fee changes were effective beginning August 1, 2003. To review a synopsis of the fee changes, click here.

Corporation Service Company® (CSC) has made it easy for you to access the full text of each Delaware House Bill. Simply go to www.statenet.com, and click on the link for Statenet Subscriber Services. Log in to the Website using the login "billtext," and the password "text." Click on Legislation, and then Search by Bill Number. Enter the entire bill number, without spaces (e.g., DEH267 and DEH268), and click on Run Search. The bill status will appear. Select the underlined Bill Number on the left side of the screen to review the full text of the bill. When you are finished reviewing the bill status and bill text, please click on the Sign Out icon in the upper right corner of the screen to end your session.

CSC^SM is ready to help ensure your filings are not rejected or delayed. If you have any questions, please contact your CSC Customer Service Representative or Account Manager.

Visit www.incspot.com/efiling to electronically file your annual reports and pay your franchise taxes. Click here to learn more.

Illinois Fees Increase as of December 1, 2003
Under Senate Bills 1506 and 1903, Illinois Corporate and Limited Liability Company (LLC) fees increased as of December 1, 2003. For a review of the new fees, click here.

To review the full text of the bills, including new fees, go to
http://www.legis.state.il.us/legislation/default.asp.

Maryland Annual Report Fees Increase as of January 1, 2004
The Maryland annual report fee will increase to $300.00 effective January 1, 2004. This fee affects Stock Corporations, Limited Liability Companies, Limited Partnerships, Limited Liability Partnerships, Real Estate Investment Trusts, Banks, Savings & Loans, Credit Unions, and Financial Institutions. The increase is effective for any return, regardless of year, filed after December 31, 2003. There is no fee for Non-Stock Corporations, Business Trusts, Churches, Interstate Companies, Foreign Insurance Companies, Sole Proprietorships, and General Partnerships.

Visit the CSC^SM Forms Library at www.incspot.com to access current state forms. To get an IncSpot® username and password, click here.