Tax News

CCH (cch.taxgroup.com) reports:

  Effective for taxable periods beginning after 2008, Delaware gross receipts tax rates are temporarily increased. Effective for taxable periods beginning after March 31, 2012, the rate increases are repealed, and rates will revert to the percentages that were in effect prior to the increase. New rates are as follows:

  -- occupational licensees: 0.384%;

  -- contractors: 0.624%;

  -- manufacturers: 0.180%;

  -- wholesalers: 0.384%;

  -- petroleum wholesalers: 0.240%;

  -- food processors: 0.192%;

  -- commercial feed dealers: 0.096%;

  -- retailers: 0.720%;

  -- transient retailers: 0.720%;

  -- restaurant retailers: 0.624%;

  -- farm machinery retailers: 0.096%;

  -- grocery store retailers: 0.315% of the first $2 million per month, 0.590% thereafter;

  -- lessees: 1.92%; and

  -- lessors: 0.288%.

H.B. 513, Laws 2008, effective as noted above.