DE HB496

Establishes the Delaware Investment Fund Tax Credit Program, jointly administered by the Director of the Delaware Economic Development Office and the Director of the Delaware Division of Revenue.

Creates a 25% tax credit for accredited investors who invest cash in Certified Delaware Investment Funds, calculated against state income taxes, employer withholding taxes, and other specified state taxes and fees.

Allows unused tax credits to be carried forward to subsequent tax years for up to 15 years after the calendar year the credit was allocated.

Requires the Director to certify Delaware Investment Funds within 60 days of application, based on review of governing documents, business history, and management qualifications.

Exempts records of Certified Delaware Investment Funds from public disclosure requirements under Delaware's public records law.