Delaware Code (Titles 8, 9, 25, 30)
30 Del. C. § 2006
Limitations on credits
# (a)
The aggregate amount of such tax credits approved for all persons may not exceed $1,000,000 in any 1 fiscal year.
# (b)
The Director of the Delaware State Housing Authority shall ensure that each application has the date and time of submission recorded. Credits must be awarded in chronological order based upon the date and time upon which each complete application is received by the Delaware State Housing Authority. If a credit award results in exceeding the $1,000,000 limitation for the fiscal year in which it is awarded, the amount by which such credit award exceeds $1,000,000 must carry over to the succeeding fiscal year and must receive priority for that year.
Amendment history
72 Del. Laws, 1st Sp. Sess., c. 250,, § 2; 76 Del. Laws, c. 80, § 111(c); 76 Del. Laws, c. 172, § 13; 81 Del. Laws, c. 351, § 1
Source: view the official text
In this title (40 sections)
- 30-1904 · Returns
- 30-1905 · Payment of tax
- 30-1906 · Short title
- 30-1907 · Time of taking effect of tax
- 30-1908 · Historic rehabilitation
- 30-1909 · Withholding of income tax on sale or exchange of real estate…
- 30-1910 · , 1911. Interests and additions to the tax in case of…
- 30-1912 · Penalties — Late filing; failure to file returns; false and…
- 30-1913-1916 · Court action to compel furnishing of information; lien…
- 30-1917 · , 1918. Short title; time of taking effect of tax…
- 30-2001 · Short title
- 30-2001F · Purpose
- 30-2002 · Definitions
- 30-2002F · Definitions
- 30-2003 · Declaration of policy
- 30-2003F · Delaware production tax credit
- 30-2004 · Qualification for tax credit; Neighborhood Assistance Act…
- 30-2004F · Loan-out withholding
- 30-2005 · State income tax credit; amount
- 30-2005F · Entertainment production tax credit; procedures and…
- 30-2006 · Limitations on credits
- 30-2006F · Appeals
- 30-2007 · Unused tax credit
- 30-2007F · Audit
- 30-2008 · Administrative costs
- 30-2008F · Report
- 30-2009F · Total amount of credits permitted in each fiscal year;…
- 30-2010 · Definitions
- 30-2010F · Data disclosure and sharing
- 30-2011 · Investment and employment credit against corporation income…
- 30-2011F · Sunset clause
- 30-2012 · Reduction in license fees for investment and employment
- 30-2013 · Rules and regulations
- 30-2014 · Report on effect of subchapters II and III of this chapter…
- 30-2015 · Successors in title
- 30-2020 · Definitions
- 30-2021 · Credit against corporation income tax for investment and…
- 30-2022 · Reduction in license fees for investment and employment in…
- 30-2023 · Subchapter S corporations [Repealed]
- 30-2024 · Credit against personal income tax