Delaware compliance at a glance
- Sales tax: 0.00% state rate. No state or local sales tax. Gross receipts tax on businesses instead.
- Late fees: Up to 1.5% per month. (Del. Code tit. 6, §2301) Legal rate 5% over Fed discount rate; no usury cap on commercial loans.
- Prompt-pay law: Delaware Prompt Payment Act (Del. Code tit. 29 §6516 for state; tit. 6 §3506 for construction). Construction subs paid within 30 days of GC receiving payment.