Amends Delaware Code to establish an Innovating Delaware Tax Credit Program for technology companies.
Delaware HB211 amends Title 29 to create the Innovating Delaware Act, establishing a tax credit program for technology companies. Economic Development Organizations can apply to the Division of Small Business to create accelerators or support innovative companies. The program includes annual reporting and a cap on tax credits, ensuring they do not reduce a taxpayer's liability by more than 50% and cannot be carried forward for more than 5 years.
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- Legal Framework
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