What is required when a bank franchise taxpayer leaves Delaware?
When a bank franchise taxpayer ceases operations in Delaware, a final call report or financial statement setting forth the taxable income of the taxpayer is due within 30 days. A Final Franchise Tax Return is due January 30 of the following tax year and any final tax liability is due March 1 of the following tax year. A change in a bank´s charter or parent company may also require a final statement. For specifics, contact Kevin Urso at (302)744-2100 or kevin.urso@state.de.us.
