AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE PERTAINING TO BUSINESS TAX CREDITS AND DEDUCTIONS AND CLEAN ENERGY TECHNOLOGY DEVICE MANUFACTURING.
Synopsis:
This Act improves and updates the State’s primary economic development tax incentive program. Specifically, the Act: 1) makes the program permanent by eliminating a sunset provision; 2) better delineates eligibility for tax relief by establishing a three-year application deadline; 3) boosts the program’s effectiveness by increasing the amount of the corporate or personal income tax credits; and 4) modernizes the program’s scope by including provisions specifically designed to attract manufacturers of advanced clean energy technology power generating devices and systems.
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