Delaware Code (Titles 8, 9, 25, 30)
30 Del. C. § 2021 — Credit against corporation income tax for investment and employment in targeted areas
(a)
In the case of any taxpayer that:
§ 2011 of this title shall be applied with respect to such qualified facility by substituting “$750” for “$500” in § 2011(b)(1) and (2) of this title.
(b)
In the case of any taxpayer that:
§ 2011 of this title shall be applied with respect to such facility by treating it as a qualified facility.
(c)
In the case of any taxpayer that:
The credit claimed in any tax year (including amounts carried over from previous tax years) shall not exceed the difference between $500,000 and the amount of credits claimed under § 2022 of this title for the 12 months comprising said tax year. Amounts of credit not used by virtue of the preceding sentence may be carried forward as if such unused credits arose by virtue of § 2011(f) of this title. No taxpayer may be eligible for credit under both this subsection and subsection (a) of this section for the same facility.
(d)
In the case of a qualified facility located on a brownfield within any targeted area:
The total incremental credits allowable to the taxpayer under this subsection shall not exceed the appropriate amount expended by the taxpayer for environmental investigation and remediation of the brownfield. If the provisions of this subsection apply with respect to any qualified facility, the provisions of § 2011(l) of this title shall not apply with respect to such qualified facility.
Source: official text