Delaware Statutes
§ 1621 — Taxation of pass-through entities; in general
Delaware·Title 30·Part Income, Inheritance and Estate Taxes·Ch. 16 PASS-THROUGH ENTITIES, ESTATES AND TRUSTS·Subch. Taxation of Pass-Through Entities and Their Members
(a)Income tax. —A pass-through entity as such shall not be subject to the income tax imposed by Chapter 11 or Chapter 19 of this title. Members of a pass-through entity shall be liable for the tax imposed by Chapter 11 or Chapter 19 of this title only in their separate or individual capacities.
(b)Incidence of business license and excise taxes. —The incidence of the taxes imposed by Parts III through VI of this title and by Title 4 with respect to the activities of a pass-through entity engaged in business in this State shall fall upon the pass-through entity and not its members.
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Nearby Sections
15
§ 1601
Definitions§ 1602
Taxable year§ 1603
Accounting method§ 1604
Adjustments§ 1605
Returns§ 1606
Withholding of income tax on sale or exchange of real estate by nonresident pass-through entities§ 1622
Character of items§ 1623
Special rules for nonresident individual members and corporate members of pass-through entities§ 1631
Imposition of tax§ 1632
Computation and payment§ 1633
Tax not applicable§ 1634
Fiduciary adjustment