Delaware Affiliated Finance Company - Business License Application/Renewal
Extracted from PDF file 2022-delaware-form-1268-la2.pdf, last modified August 2005
Affiliated Finance Company - Business License Application/RenewalFORM 1268-LA2 STATE OF DELAWARE Division of Revenue P.O. Box 2340 Wilmington DE 19899-2340 APPLICATION/RENEWAL FOR AFFILIATED FINANCE COMPANY BUSINESS LICENSE Rev Code 0101 Bus Code 706 CALENDAR YEAR 12-31- PART A - APPLICANT’S NAME AND ADDRESS Reset Enter Federal Employer Identification Number Application or Renewal? Application Print Form Renewal Name of Business Address Zip Code Delaware Address if Different Zip Code PART B - BUSINESS ACTIVITIES OF THE APPLICANT: 1. Is the applicant engaged in the issuing of commercial paper or other debt obligations? YES [ ] NO [ ] 2. Does the applicant use substantially all of the proceeds from such obligations to make loans to, or purchase receivables from its affiliated corporations? YES [ ] NO [ ] 3. Attach statement identifying each affiliated corporation to which loans were made or from which receivables were purchased. 4. Did the applicant in the immediately preceding taxable year receive income from any source other than interest and discount income from its affiliated corporations totaling more than five percent (5%) of its annual net income? YES [ ] NO [ ] 5. Attach statement listing the name and address of all persons or entities owning stock interest in the applicant and indicate the percentage of ownership. COMPUTATION OF FEE IF THE CAPITAL BASE IS $ 0.00 $100,000,000.00 $225,000,000.00 Over to to to THE ANNUAL LICENSE FEE SHALL BE $ 99,999,999.99 $224,999,999.99 $749,999,999.99 $750,000,000.00 $10,000 $15,000 $25,000 $50,000 TOTAL AMOUNT PAID $ The capital base shall be computed from the information shown on the corporation’s certified financial statement for the year ending December 31 of the immediately preceding calendar year, or in the case of a fiscal year corporation, as of the end of its fiscal year ending within the immediately preceding calendar year. A COPY OF SUCH FINANCIAL STATEMENT MUST BE SUBMITTED WITH THIS APPLICATION AND WITH EACH ANNUAL RENEWAL. I certify that the foregoing information and attachments hereto are true, correct and complete to the best of my knowledge and belief: Applicant’s Signature (Revised 10/28/15) Title Date *DF40315019999* DF40315019999 GENERAL INFORMATION House Bill 28, approved February 18, 1981 (Vol. 63, Laws of Del., Chapter 2), amended Title 30 of the Delaware Code by adding a new Part VI (§6301 et seq) to provide for the licensing and taxation of affiliated finance companies. Effective May 1, 1981, no corporation may carry on business in the State of Delaware as an AFFILIATED FINANCE COMPANY unless it has first obtained from the Division of Revenue a license to conduct such business and has paid a license fee measured by its Capital Base. An AFFILIATED FINANCE COMPANY is defined to mean a corporation substantially all of whose activity within this State is limited to the issuance of commercial paper or other debt obligations and use of the proceeds to make loans to one or more of its affiliated corporations or to purchase receivables from one or more of its affiliated corporations. An AFFILIATED CORPORATION means two or more corporations, which are members of a controlled group of corporations as defined in Section 1563 of the Internal Revenue Code. All affiliated finance companies taxed under Part VI shall be exempt from any occupational license taxes imposed by Part III of Title 30 of the Delaware Code. The license issued shall be valid for one year and must be renewed annually and the license fee paid on or before April 30 of each year. A copy of a corporation’s certified Financial Statement for the year ending December 31 of the immediately preceding calendar year, or in the case of a fiscal year corporation as of the end of its fiscal year ending within the immediately preceding calendar year, must be submitted with this application and with each annual renewal.
More about the Delaware Form 1268-LA2 Corporate Income Tax TY 2022
We last updated the Affiliated Finance Company - Business License Application/Renewal in April 2023, so this is the latest version of Form 1268-LA2, fully updated for tax year 2022. You can download or print current or past-year PDFs of Form 1268-LA2 directly from TaxFormFinder. You can print other Delaware tax forms here.
Other Delaware Corporate Income Tax Forms:
|Form Code||Form Name|
|Form 1100||Corporate Income Tax Return|
|Form 700||Delaware Income Tax Credit Schedule|
|Form 5403||Real Estate Tax Return - Declaration of Estimated Income Tax|
|Form WREQ||Withholding Tax - Request for Change Form|
|Form 300||Delaware Partnership Return|
Delaware usually releases forms for the current tax year between January and April. We last updated Delaware Form 1268-LA2 from the Division of Revenue in April 2023.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Delaware Form 1268-LA2
We have a total of ten past-year versions of Form 1268-LA2 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Delaware Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.