Sections
§ 1101 Tax on net earnings 5
§ 1101A Alternative annual franchise tax; rate of taxation 5
§ 1102 Statement of net income to be filed 5
§ 1103 Review of tax 5
§ 1104 Date of payment and collection of tax; estimated tax 5
§ 1105 Rate of taxation; credits 5
§ 1106 Disposition of taxes 5
§ 1107 Duties of Attorney General 5
§ 1109 State corporation income and other taxes; exemption 5
§ 1110 Severability 5
§ 1111 Period of limitation upon assessments 5
§ 1112 Period of limitation on credit or refund 5
§ 1113 Secrecy of returns and information; penalty 5
§ 1114 Abatements 5
§ 1115 Closing agreements 5
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Terms Used In Delaware Code > Title 5 > Chapter 11 - Taxation

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • real property: is synonymous with the phrase "lands, tenements and hereditaments. See Delaware Code Title 1 Sec. 302
  • Remand: When an appellate court sends a case back to a lower court for further proceedings.
  • Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.
  • Testify: Answer questions in court.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • User fees: Fees charged to users of goods or services provided by the government. In levying or authorizing these fees, the legislature determines whether the revenue should go into the treasury or should be available to the agency providing the goods or services.