DE SB200 | 2015-2016 | 148th General Assembly


Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on March 17 2016 - 100% progression
Action: 2016-03-17 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]


The Delaware Commitment to Innovation Act promotes research and development in Delaware and encourages employers to locate or retain their headquarters here. Section 1 of this Act provides for adjustment of the applicable threshold for the research and development tax credit offered to small businesses. Section 2 of this Act updates the State’s research and development tax credit. Currently, companies conducting research in Delaware are entitled to a tax credit that is equal to of the corresponding federal tax credit. The resulting Delaware tax credit is limited, however, in that it cannot offset more than 50% of a company’s tax liability otherwise due. Moreover, the aggregate amount of the credit issued to all qualifying companies is capped at $5 million annually. Under Section 2 of this Act, the research and development tax credit is made refundable, meaning that qualifying companies are entitled to the full amount of the credit regardless of the amount of tax otherwise due. The Act also eliminates the annual aggregate $5 million cap. Section 3 of the Act reinstates the New Economy Jobs Tax Credit, which had sunset in 2014. Section 2 also expands the scope of the New Economy Jobs Tax Credit to include provisions covering retained jobs for companies involved in or resulting from a corporate restructuring.

Tracking Information

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An Act To Amend Title 30, Chapters 5 And 20 Of The Delaware Code Relating To Business Tax Credits.


Roll Calls

2016-03-17 - House - House Third Reading (Y: 34 N: 3 NV: 1 Abs: 3) [PASS]
2016-03-17 - House - House Third Reading (Y: 31 N: 4 NV: 1 Abs: 5) [PASS]


2016-03-17SenateSigned by Governor
2016-03-17HousePassed by House of Representatives. Votes: Passed 34 YES 3 NO 1 NOT VOTING 3 ABSENT 0 VACANT
2016-03-17HouseNecessary rules are suspended in House
2016-03-17HouseReported Out of Committee (APPROPRIATIONS) in House with 5 On Its Merits
2016-03-17HouseAssigned to Appropriations Committee in House
2016-03-16HouseReported Out of Committee (REVENUE & FINANCE) in House with 10 On Its Merits
2016-03-11HouseIntroduced and Assigned to Revenue & Finance Committee in House
2016-03-10SenatePassed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2016-03-09SenateReported Out of Committee (EXECUTIVE) in Senate with 1 Favorable, 4 On Its Merits
2016-03-03SenateAssigned to Executive Committee in Senate

Delaware State Sources

Bill Comments