DE SB200

Establishes annual adjustment of applicable thresholds for research and development tax credit, including the $20,000,000 small business threshold in § 2070(a)(2)

Makes the research and development tax credit refundable for qualifying companies, eliminating the 50% tax liability cap and the $5 million annual aggregate cap on all credits issued

Reinstates the New Economy Jobs Tax Credit program (which had sunset in 2014) and expands it to include "qualified retained employers" covering jobs retained after corporate restructuring by publicly traded companies in specified industries

Allows new "retained eligible jobs" credit category for qualified retained employers maintaining at least 200 retained jobs with average compensation of at least $70,000, with credit percentages of 25% plus 0.05% per retained employee over 200

Effective dates: Section 1 effective July 1, 2016; Sections 2 and 3 effective for tax periods and qualified withholding payments received after December 31, 2016