DE HB211

Creates the "Innovating Delaware Tax Credit" (IDTC) to support accelerators and programs that fund, mentor, or provide resources to early-stage technology companies in Delaware

Eligible projects include accelerators for technology companies and programs supporting innovative companies headquartered in Delaware with fewer than 15 employees and under $1 million in average gross revenues, or companies with fewer than 75 employees that are at least 51% owned by women, minorities, veterans, or persons with disabilities

Tax credit can be applied against income taxes, state franchise tax, or other taxes, but cannot reduce a taxpayer's liability by more than 50%, with unused credits carrying forward up to 5 years

Caps total annual program funding at $10 million beginning January 1, 2026

Requires applicants to maintain conflict of interest policies, submit detailed project plans, provide annual reports with economic impact assessments, and enter funding agreements with Innovate Delaware