Terms Used In Delaware Code > Title 30 > Chapter 19 - Corporation Income Tax

• Administration services: means , in each case with respect to intangible investments (as such term is defined in § 1902(b)(8) of this title):

  a. See Delaware Code Title 30 Sec. 1901

• Amortization: Paying off a loan by regular installments.
• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• Asset management corporation: means a corporation:

  a. See Delaware Code Title 30 Sec. 1901

• Asset management services: means , in each case with respect to intangible investments (as such term is defined in § 1902(b)(8) of this title):

  a. See Delaware Code Title 30 Sec. 1901

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Board: means the Tax Appeal Board. See Delaware Code Title 30 Sec. 1901
• Chambers: A judge's office.
• Commercial domicile: means the principal place from which the trade or business of the taxpayer is directed or managed. See Delaware Code Title 30 Sec. 1901
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Corporation: includes a joint stock company or any association which is taxable as a corporation under the federal income tax law. See Delaware Code Title 30 Sec. 1901
• Deed: The legal instrument used to transfer title in real property from one person to another.
• Department: means the Department of Finance. See Delaware Code Title 30 Sec. 101
• Director: means the Director of the Division of Revenue or the Secretary of Finance of the State. See Delaware Code Title 30 Sec. 502
• Distribution services: means , in each case with respect to intangible investments (as such term is defined in § 1902(b)(8) of this title):

  a. See Delaware Code Title 30 Sec. 1901

• Division of Revenue: means the Division of Revenue of the Department of Finance of the State. See Delaware Code Title 30 Sec. 502
• Domestic corporation: means any corporation organized under the laws of this State. See Delaware Code Title 30 Sec. 1901
• Domicile: means :

  a. See Delaware Code Title 30 Sec. 1901

• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Federal income tax: means the tax imposed on corporations by the federal Internal Revenue Code of 1986 and amendments thereto. See Delaware Code Title 30 Sec. 1901
• Fiduciary: A trustee, executor, or administrator.
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
• Foreign corporation: means any corporation other than a domestic corporation. See Delaware Code Title 30 Sec. 1901
• gross receipts: shall mean gross receipts reported by the corporation for its taxable year for purposes of the federal income tax. See Delaware Code Title 30 Sec. 1901
• Income year: means the taxable year for which the taxpayer computes its net income for purposes of the federal income tax. See Delaware Code Title 30 Sec. 1901
• Lien: A claim against real or personal property in satisfaction of a debt.
• Month: means a calendar month, unless otherwise expressed. See Delaware Code Title 1 Sec. 302
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Mortgagee: The person to whom property is mortgaged and who has loaned the money.
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Person: means and includes an individual, a trust, estate, partnership, association, company or corporation. See Delaware Code Title 30 Sec. 502
• Personal property: All property that is not real property.
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Risk analytics: means performing risk analysis of intangible investments (as such term is defined in § 1902(b)(8) of this title), providing reports of such analyses and providing interactive, software-based risk analytical tools to users of such tools. See Delaware Code Title 30 Sec. 1901
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• Sponsor: means the person that has contracted directly with the beneficiaries of a pension plan or retirement account or the owner of any account or interest in a pool of intangible investments to administer and manage the pension plan or retirement account, other account or pool of intangible investments. See Delaware Code Title 30 Sec. 1901
• State: means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, any territory or possession of the United States and any foreign country or political subdivision thereof. See Delaware Code Title 30 Sec. 1901
• Tax: shall be deemed also to refer to license fees imposed under Part III of this title. See Delaware Code Title 30 Sec. 502
• Taxable: means any person, fiduciary, association of persons, syndicate, joint venture or copartnership subject to making return or to payment of tax imposed by this title. See Delaware Code Title 30 Sec. 101
• Taxpayer: means any corporation subject to the tax imposed by this chapter. See Delaware Code Title 30 Sec. 1901
• Telecommunications corporation: means a corporation that is a member of a group of corporate and noncorporate entities, which group:

  a. See Delaware Code Title 30 Sec. 1901

• Trustee: A person or institution holding and administering property in trust.
• United States: includes its territories and possessions and the District of Columbia. See Delaware Code Title 1 Sec. 302
• Worldwide headquarters corporation: means a corporation that:

  a. See Delaware Code Title 30 Sec. 1901

• Year: means a calendar year, and is equivalent to the words "year of our Lord. See Delaware Code Title 1 Sec. 302