Delaware § 1625 Special rules for certain tax deductions for pass-through entities

Delaware Statutes

§ 1625 — Special rules for certain tax deductions for pass-through entities

Delaware § 1625

JurisdictionDelaware

Title30

PartIncome, Inheritance and Estate Taxes

Ch. 16PASS-THROUGH ENTITIES, ESTATES AND TRUSTS

Subch.Taxation of Pass-Through Entities and Their Members

This text of Delaware § 1625 (Special rules for certain tax deductions for pass-through entities) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 30, § 1625 (2026).

Text

(a)Definitions. — As used in this section:

(1)“Qualified business” means a pass-through entity operating a marijuana establishment pursuant to Chapter 13 of Title 4 or Chapter 49A of Title 16.

(2)“Qualified expenses” mean the ordinary and necessary business expenses paid or incurred for the taxable year in carrying on a qualified business, which are disallowed as a deduction for federal purposes pursuant to § 280E of the Internal Revenue Code [26 U.S.C. § 280E].

(b)Deduction. — A pass-through entity operating a qualified business may deduct its qualified expenses in computing its total income.

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(a)Definitions. —

As used in this section:

(1) “Qualified business” means a pass-through entity operating a marijuana establishment pursuant to Chapter 13 of Title 4 or Chapter 49A of Title 16.

(2) “Qualified expenses” mean the ordinary and necessary business expenses paid or incurred for the taxable year in carrying on a qualified business, which are disallowed as a deduction for federal purposes pursuant to § 280E of the Internal Revenue Code [26 U.S.C. § 280E].

(b)Deduction. —

A pass-through entity operating a qualified business may deduct its qualified expenses in computing its total income.