DE HB218

Establishes the Delaware Investment Fund Tax Credit Program to encourage investment in certified venture capital funds through a 25% tax credit on investments made by accredited investors.

Allows accredited investors who invest certified capital in Certified Delaware Investment Funds to claim a tax credit against Delaware income taxes, corporate taxes, and other specified taxes and fees.

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

Authorizes the Director of the Delaware Economic Development Office and Director of the Division of Revenue to jointly administer the program, certify investment funds, and establish procedures by regulation.

Exempts records of Certified Delaware Investment Funds from public disclosure requirements under Delaware's Freedom of Information law when provided to or generated by state agencies.