Delaware Code Title 30 Sec. 1116 – Delaware investment credit
A resident and nonresident individual shall be allowed a credit against that individual’s tax otherwise due under this chapter in an amount equal to 15% of the individual’s investment that is qualified under subchapter X of Chapter 87A of Title 29 (“Delaware Investment Tax Credit Program”) [repealed] and certified as such by the Director of the Division of Small Business to the Director of Revenue. Notwithstanding § 329 of this title to the contrary, determinations by the Delaware Economic Development Authority as to the qualification of any investment under the Delaware Investment Tax Credit Program [repealed] shall not be appealable to the Tax Appeal Board. In no event shall the credit allowable under this section exceed the tax otherwise due under this chapter. Unused credits under this section may be carried forward 4 years from the tax year in which they are certified under the Delaware Investment Tax Credit Program [repealed].
68 Del. Laws, c. 203, § ?1; 69 Del. Laws, c. 458, § ?1; 81 Del. Laws, c. 49, § 19; 81 Del. Laws, c. 244, §§ ? 2, 5, 5; 81 Del. Laws, c. 374, § 49;
Terms Used In Delaware Code Title 30 Sec. 1116
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Director: means the Director of the Division of Revenue or the Secretary of Finance of the State. See Delaware Code Title 30 Sec. 502
- Tax: shall be deemed also to refer to license fees imposed under Part III of this title. See Delaware Code Title 30 Sec. 502
- Year: means a calendar year, and is equivalent to the words "year of our Lord. See Delaware Code Title 1 Sec. 302