Delaware House Bill 318 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 14-8)
Status: Passed on July 15 2014 - 100% progression
Action: 2014-07-15 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

This Act doubles the research and development tax credit available to smaller businesses while keeping in place the annual cap of $5 million for the credit as a whole. Currently, all businesses are entitled to a state tax credit that is equal to half of the corresponding federal tax credit for R&D activity occurring in Delaware. Under this Act, businesses with less than $20 million average annual gross receipts for the most recent four years are entitled to a credit equal to 100% of the corresponding federal credit.

An Act To Amend Title 30 Of The Delaware Code Relating To The Research And Development Tax Credit.

Rep. Bryon Short [D]	Sen. Robert Venables [D]	Rep. Paul Baumbach [D]	Rep. Gerald Brady [D]
Rep. Ruth Briggs King [R]	Rep. Ruth Briggs King [R]	Rep. Ronald Gray [R]	Rep. Debra Heffernan [D]
Rep. Quinton Johnson [D]	Rep. Helene Keeley [D]	Rep. John Kowalko [D]	Rep. Michael Mulrooney [D]
Sen. Charles Paradee [D]	Rep. Michael Ramone [R]	Rep. Daniel Short [R]	Rep. Melanie Smith [D]
Rep. Jeffrey Spiegelman [R]	Rep. John Viola [D]	Rep. D.E. Williams [D]	Sen. David Wilson [R]
Sen. Gregory Lavelle [R]	Sen. David Sokola [D]

2014-06-26 - Senate - Senate Third Reading (Y: 20 N: 0 NV: 0 Abs: 1) [PASS]
2014-06-18 - House - House Third Reading (Y: 40 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2014-07-15	House	Signed by Governor
2014-06-26	Senate	Passed by Senate. Votes: Passed 20 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
2014-06-25	Senate	Reported Out of Committee (SMALL BUSINESS) in Senate with 6 On Its Merits
2014-06-19	Senate	Assigned to Small Business Committee in Senate
2014-06-18	House	Passed by House of Representatives. Votes: Passed 40 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
2014-05-07	House	Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 2 Favorable, 5 On Its Merits
2014-05-01	House	Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House

Type	Source
Summary	http://legis.delaware.gov/LIS/lis147.nsf/2bede841c6272c888025698400433a04/453bda36acb7952a85257cc5004947bf?OpenDocument
Text	http://legis.delaware.gov/LIS/lis147.nsf/vwLegislation/HB+318/$file/legis.html?open
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/9201ca1ebb70ba7085257cfb0074c219?OpenDocument
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/7d7222ae18dc996485257d03007c2436?OpenDocument