Delaware Lowers Tax on Leases

Delaware has issued a notice to remind taxpayers of gross receipts tax rate changes that became effective on January 1, 2014. Among the rate changes, the tax rate on leases has been reduced from 2.011% to 1.991%. (Detailed List of Division of Revenue Licenses and Tax Rates, Delaware Division of Revenue, January 14, 2014)

Posted on January 28, 2014