Delaware Senate Bill 271 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 21-4)
Status: Passed on August 13 2012 - 100% progression
Action: 2012-08-13 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

This Act expands the New Economy Jobs Program by creating another means by which employers relocating jobs to Delaware may qualify for the tax credit. Under this Act, employers that relocate at least 200 jobs to Delaware will be entitled to a tax credit equal to 25% of the withholding paid by the employer on behalf of the relocated employees. If employers relocate more than 200 jobs, the size of the tax credit increases and can reach 40% if the employer relocates 500 or more employees. The Act also maintains incentives for relocating jobs into municipalities, targeted growth areas and counties, and on to redeveloped brownfields. Altogether, the maximum tax credit can reach 65% of the withholding paid on behalf of the relocated employees.

An Act To Amend Title Subchapter Ix Of Title 30 Of The Delaware Code Relating To Tax Credits.

Sen. Patricia Blevins [D]	Sen. George Bunting [D]	Sen. Brian Bushweller [D]	Sen. Anthony DeLuca [D]
Sen. Bruce Ennis [D]	Sen. Bethany Hall-Long [D]	Rep. Debra Heffernan [D]	Sen. Margaret Henry [D]
Rep. Deborah Hudson [R]	Rep. Earl Jaques [D]	Rep. James Johnson [D]	Sen. Michael Katz [D]
Sen. Gregory Lavelle [R]	Sen. Robert Marshall [D]	Sen. David McBride [D]	Sen. Harris McDowell [D]
Sen. Karen Peterson [D]	Rep. Peter Schwartzkopf [D]	Rep. Darryl Scott [D]	Rep. Bryon Short [D]
Sen. Gary Simpson [R]	Sen. David Sokola [D]	Sen. Robert Venables [D]	Rep. D.E. Williams [D]
Rep. Lincoln Willis [R]

2012-06-30 - House - House Third Reading (Y: 31 N: 10 NV: 0 Abs: 0) [PASS]
2012-06-26 - Senate - Senate Third Reading (Y: 19 N: 0 NV: 0 Abs: 2) [PASS]

Date	Chamber	Action
2012-08-13		Signed by Governor
2012-06-30		Passed by House of Representatives. Votes: Passed 31 YES 10 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2012-06-30		Necessary rules are suspended in House
2012-06-27		Introduced and Assigned to Revenue & Finance Committee in House
2012-06-26		Passed by Senate. Votes: Passed 19 YES 0 NO 0 NOT VOTING 2 ABSENT 0 VACANT
2012-06-21		Reported Out of Committee (FINANCE) in Senate with 4 On Its Merits
2012-06-20		Assigned to Finance Committee in Senate

Type	Source
Summary	http://legis.delaware.gov/LIS/lis146.nsf/2bede841c6272c888025698400433a04/b14656513a10e13185257a1c00796fc0?OpenDocument
Text	http://legis.delaware.gov/LIS/lis146.nsf/vwLegislation/SB+271/$file/legis.html?open
Roll Call	http://legis.delaware.gov/LIS/lis146.nsf/7712cf7cc0e9227a852568470077336f/c33138dc4412e69f85257a2900712ea7?OpenDocument
Roll Call	http://legis.delaware.gov/LIS/lis146.nsf/7712cf7cc0e9227a852568470077336f/43eff387e2af3f6285257a2e0011fb47?OpenDocument