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DE HB143

Bill

Official Source

Status

Passed

7/1/2013

Primary Sponsor

Helene Keeley

Click for details

Origin

House of Representatives

147th General Assembly

AI Summary

  • Removes the December 31, 2013 expiration date for the Delaware research and development tax credit, making the credit permanent
  • Eliminates the sunset provision that prevented the Director from approving research and development tax credits for taxable years ending after December 31, 2013
  • Maintains the exemption from federal Internal Revenue Code Section 41(h) termination dates for eligible Delaware taxpayers claiming the research and development tax credit
  • Applies to taxpayers eligible for the Research and Development Tax Credit for any taxable year in which Delaware qualified research and development expenses are taken into account for Delaware income tax purposes

Legislative Description

An Act To Amend Title 30 Of The Delaware Code Pertaining To Business Tax Credits

Last Action

Signed by Governor

7/1/2013

Committee Referrals

Finance6/6/2013
Revenue & Finance5/14/2013

Full Bill Text

No bill text available