§ 2082. Certification as a qualified employer; recertification.
§ 2082. Certification as a qualified employer; recertification. (a) Application for certification as a qualified employer or qualified retained employer will be made to the Secretary with a copy to the Director. (b) The Secretary shall annually review the certification of qualified employers and qualified retained employers for eligibility for New Economy Jobs Program credits […]
§ 2083. Credits for New Economy Jobs Program employment.
§ 2083. Credits for New Economy Jobs Program employment. (a) Subject to the limitations contained in § 2084 of this title and to such return requirements as may be imposed by the Delaware Bank Commissioner, Delaware Insurance Commissioner, or the Secretary, qualified employers shall be eligible during their first certified year and for the 10 […]
§ 2084. Limitation on credits and qualified withholding payments.
§ 2084. Limitation on credits and qualified withholding payments. Notwithstanding § 2083 of this title, (1) The total amount of New Economy Jobs Program credit allowable under this subchapter for any qualified employer or qualified retained employer during any calendar year shall not exceed 65% percent of its qualified withholding payments; (2) If the Secretary […]
§ 2085. Disposition of unused credits.
§ 2085. Disposition of unused credits. To the extent a qualified employer’s or a qualified retained employer’s New Economy Jobs Program credits exceed any amounts otherwise due for the taxes and fees listed under § 2083(a) of this title but do not exceed the limitation of § 2084 of this title, such unused credits shall […]
§ 2090. Legislative findings and purpose; creation of the business finder’s fee tax credit.
§ 2090. Legislative findings and purpose; creation of the business finder’s fee tax credit. The General Assembly finds and declares that the State should partner with the Delaware business community to create and develop new employment opportunities for the citizens of the State. The General Assembly further finds that existing Delaware businesses are ideally situated […]
§ 2091. Definitions.
§ 2091. Definitions. As used in this subchapter: (1) “Affiliate” means any business organization or person that directly, or indirectly through 1 or more intermediaries, controls, or is controlled by, or is under common control with, the person or business entity specified, or person who is an officer, director, partner, or trustee of the person […]
§ 2092. Business finder’s fee credit.
§ 2092. Business finder’s fee credit. (a) Subject to the limitations of this subchapter, a certified sponsor firm and a certified new business firm shall each be eligible for a tax credit equal to $500 times the total number of full-time Delaware employees of the certified new business firm each tax year for 3 tax […]
§ 2093. New business certification process.
§ 2093. New business certification process. (a) To qualify for a business finder’s fee credit, a proposed sponsor firm and proposed new business firm shall submit a joint application to the Division, which shall consider whether the application meets the following criteria: (1) The proposed sponsor firm and proposed new business firm each meet the […]
§ 2094. Tax credit application process.
§ 2094. Tax credit application process. (a) In order to obtain a credit, certified sponsor firms and certified new business firms shall submit a joint tax credit application to the Division for the business finder’s fee tax credit on or after the anniversary of the new business certification date, which certifies the number of full-time […]
§ 2095. Reports.
§ 2095. Reports. The Division shall report annually to the General Assembly, on or before March 1, the names of all certified sponsor and new business firms, the total amount of tax credits awarded pursuant to this Program, and the number of jobs created. 77 Del. Laws, c. 300, § 1; 81 Del. Laws, c. […]