Delaware Code (Titles 8, 9, 25, 30)
30 Del. C. § 2097
Limitations on credits
# (a)
The aggregate amount of such tax credits approved for all sponsor and new business firms shall not exceed $3,000,000 in any state fiscal year.
# (b)
The Director shall ensure that each application has the date and time of submission recorded. Credits will be awarded in chronological order based upon the date and time upon which each complete application is received by the Division. If a credit award results in exceeding the $3,000,000 limitation for the fiscal year in which it is awarded, the amount by which such credit award exceeds $3,000,000 shall carry over to the succeeding fiscal year and shall receive priority for that year.
Amendment history
77 Del. Laws, c. 300, § 1; 81 Del. Laws, c. 49, § 19
Source: view the official text
In this title (40 sections)
- 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- 30-2074 · Transitional rule [Repealed]
- 30-2075 · Limitation on credits [Repealed]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
- 30-2081 · Definitions
- 30-2082 · Certification as a qualified employer; recertification
- 30-2083 · Credits for New Economy Jobs Program employment
- 30-2084 · Limitation on credits and qualified withholding payments
- 30-2085 · Disposition of unused credits
- 30-2086 · Sunset date [Repealed]
- 30-2090 · Legislative findings and purpose; creation of the business…
- 30-2091 · Definitions
- 30-2092 · Business finder’s fee credit
- 30-2093 · New business certification process
- 30-2094 · Tax credit application process
- 30-2095 · Reports
- 30-2096 · Reconsideration
- 30-2097 · Limitations on credits
- 30-2101 · General license requirement for occupations
- 30-2102 · Term of licenses
- 30-2103 · Duties of the Department of Finance; adoption of rules and…
- 30-2104 · Notice of date for procuring licenses
- 30-2105 · Exemption for certain persons 65 years of age or older and…
- 30-2106 · Transferability of license; succession on death
- 30-2107 · Place of business specified in license; change of location
- 30-2108 · No license refunds
- 30-2109 · Display of license; penalty
- 30-2110 · Contract to pay another’s license tax
- 30-2111 · Form and signature of licenses
- 30-2112 · Contents of licenses
- 30-2113 · Right to carry on business under license
- 30-2114 · Additional licenses for more than 1 occupation or business…
- 30-2115 · Exemption of amusement places for religious or philanthropic…
- 30-2116 · Auctioneer and book agent exemption for veterans
- 30-2117 · Agent violating this chapter may be proceeded against as…
- 30-2118 · Officers to enforce license laws; penalties
- 30-2119 · Carrying on specified occupations without license; penalties