Delaware § 704 - Tax on workers’ compensation; employer’s liability premiums.
Full text of Delaware Delaware Code § 704 — Tax on workers’ compensation; employer’s liability premiums., with citation guidance and answers to common questions.
§ 704. Tax on workers’ compensation; employer’s liability premiums.
(a) Every insurance carrier shall pay a tax upon all workers’ compensation or employer’s liability premiums received in this State or on account of business done in this State at the rate of 2% of the amount of such premiums, which tax shall be in lieu of all other taxes on such premiums.
(b) The insurance carrier shall be credited with all canceled or returned premiums actually refunded during the year on such insurance and premiums on reinsurance received from other insurance carriers, except that mutual insurance companies shall be taxed upon the gross premiums charged and collected and shall not be credited with unabsorbed premiums or dividends.
(c) The taxes imposed by this section shall be collected as provided in § 702(d) and (f) of this title.
18 Del. C. 1953, § 704; 56 Del. Laws, c. 380, § 1; 70 Del. Laws, c. 186, § 1; 73 Del. Laws, c. 266, § 5;Source: official Delaware text · Last verified 2026-08-27
Frequently Asked Questions About Delaware § 704
What does Delaware Code § 704 cover?
Section 704 ("Tax on workers’ compensation; employer’s liability premiums.") is part of the Delaware Code, the codified statutory law of Delaware. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Delaware § 704?
A common citation format is "Delaware Code § 704" (Delaware). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Delaware law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Delaware official source linked on this page or consult a licensed Delaware attorney.
How does Delaware § 704 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Delaware can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Delaware.