Delaware House Bill 380 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 27-15-1)
Status: Passed on June 16 2010 - 100% progression
Action: 2010-06-16 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

This proposed tax credit intends to create incentives for existing businesses to partner with the State in the effort to create new employment opportunities for Delaware citizens, and to stimulate the Delaware economy by expanding the tax base. A finder’s fee, a tool used commonly by businesses, is an arrangement by which an intermediary finds, introduces, and brings together parties to a business opportunity. This bill creates a tax credit program that would award each Sponsor Firm and each New Business Firm with a $500 annual tax credit per Delaware job created by the new business, with the tax credit available for three years. The program would require that the new business be brought to Delaware as a result of the efforts of the sponsor, and would specifically exclude those business, such as real estate agents, banks and commercial landlords, that already have an incentive to bring out-of-state business to Delaware.

An Act To Amend Title 30 Of The Delaware Code Relating To Economic Development Incentives.

Rep. John Atkins [D]	Rep. Michael Barbieri [D]	Rep. Edward Bennett [D]	Sen. Patricia Blevins [D]
Rep. Gerald Brady [D]	Rep. Ruth Briggs King [R]	Rep. Ruth Briggs King [R]	Sen. George Bunting [D]
Rep. George Carey [R]	Rep. William Carson [D]	Rep. Richard Cathcart [R]	Sen. Catherine Cloutier [R]
Sen. Nancy Cook [D]	Sen. Anthony DeLuca [D]	Rep. George [?]	Rep. Robert Gilligan [D]
Sen. Bethany Hall-Long [D]	Rep. Deborah Hudson [R]	Rep. Earl Jaques [D]	Rep. Quinton Johnson [D]
Sen. Michael Katz [D]	Rep. Helene Keeley [D]	Rep. Thomas Kovach [R]	Rep. John Kowalko [D]
Sen. Gregory Lavelle [R]	Rep. Clifford Lee [R]	Sen. Robert Marshall [D]	Sen. Harris McDowell [D]
Rep. John Mitchell [D]	Rep. William Outten [R]	Rep. Michael Ramone [R]	Rep. Peter Schwartzkopf [D]
Rep. Darryl Scott [D]	Rep. Bryon Short [D]	Rep. Daniel Short [R]	Sen. Gary Simpson [R]
Sen. David Sokola [D]	Sen. Liane Sorenson [R]	Rep. John Viola [D]	Rep. Robert Walls [D]
Rep. D.E. Williams [D]	Rep. D.P. Williams [D]	Sen. David Wilson [R]

2010-05-13 - Senate - Senate Third Reading (Y: 19 N: 0 NV: 0 Abs: 2) [PASS]
2010-05-04 - House - House Third Reading (Y: 40 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2010-06-16		Signed by Governor
2010-05-13		Passed by Senate. Votes: Passed 19 YES 0 NO 0 NOT VOTING 2 ABSENT 0 VACANT
2010-05-12		Reported Out of Committee (FINANCE) in Senate with 6 On Its Merits
2010-05-06		Assigned to Finance Committee in Senate
2010-05-04		Passed by House of Representatives. Votes: Passed 40 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
2010-04-28		Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 6 Favorable
2010-04-22		Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House

Type	Source
Summary	http://legis.delaware.gov/LIS/lis145.nsf/2bede841c6272c888025698400433a04/f72ceab87272cc278525770d0045439a?OpenDocument
Text	http://legis.delaware.gov/LIS/lis145.nsf/vwLegislation/HB+380/$file/legis.html?open
Roll Call	http://legis.delaware.gov/LIS/lis145.nsf/7712cf7cc0e9227a852568470077336f/c1778a184fc7a2cd85257719006e00cc?OpenDocument
Roll Call	http://legis.delaware.gov/LIS/lis145.nsf/7712cf7cc0e9227a852568470077336f/c5dfa00cbba73a2e85257722007ae447?OpenDocument