Delaware Code (Titles 8, 9, 25, 30)
30 Del. C. § 2037
Limitation on credits [For application of this subchapter, see 67 Del. Laws, c. 160, § 8 and 68 Del. Laws, c. 425, § 6]
# (a)
The total amount of eligible credits allowed under this subchapter (“Travelink credits”) shall not exceed $100,000 in any State fiscal year.
# (b)
If the total amount of Travelink credits for which all taxpayers apply in any State fiscal year exceeds the amount set forth in subsection (a) of this section, then the Travelink credit to be received by each applicant for that year shall be the product of the amount set forth in subsection (a) of this section multiplied by a fraction, the numerator of which is the eligible Travelink credits applied for by the applicant and the denominator of which is the total of all eligible Travelink credits applied for by the applicants.
Amendment history
72 Del. Laws, c. 188, § 17
Source: view the official text
In this title (40 sections)
- 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- 30-2023 · Subchapter S corporations [Repealed]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
- 30-2030 · Short title [For application of this subchapter, see 67 Del.…
- 30-2031 · Declaration of purpose [For application of this subchapter,…
- 30-2032 · Definitions [For application of this subchapter, see 67 Del.…
- 30-2033 · Reduction in business taxes and/or license fees for…
- 30-2034 · Rules and regulations [For application of this subchapter,…
- 30-2035 · Confidentiality [For application of this subchapter, see 67…
- 30-2036 · Department responsibilities [For application of this…
- 30-2037 · Limitation on credits [For application of this subchapter,…
- 30-2040 · Credit against corporation income tax for clean energy…
- 30-2051 · Declaration of purpose [Suspended beginning in Fiscal Year…
- 30-2052 · Definitions [Suspended beginning Fiscal Year 2013; see 85…
- 30-2053 · Agency plans [Suspended beginning Fiscal Year 2013; see 85…
- 30-2054 · Department review of plans [Suspended beginning in Fiscal…
- 30-2055 · Rules and regulations [Suspended beginning in Fiscal Year…
- 30-2056 · Agency provision of commuter benefits [Suspended beginning in…
- 30-2057 · Preemption [Suspended beginning in Fiscal Year 2013; see 85…
- 30-2061 · Alternative calculation of Headquarters Management…
- 30-2062 · Credit against income tax for new Headquarters Management…
- 30-2063 · Occupational license; exemption from occupational gross…
- 30-2064 · Regulations
- 30-2070 · Amount of credit and applicable procedures
- 30-2071 · Application of Internal Revenue Code
- 30-2072 · Determination of qualified research and development expenses
- 30-2073 · Time limitations
- 30-2074 · Transitional rule [Repealed]
- 30-2075 · Limitation on credits [Repealed]
- 30-2080 · Declaration of purpose