Delaware Statutes
§ 2024 — Credit against personal income tax
Delaware·Title 30·Part Income, Inheritance and Estate Taxes·Ch. 20 BUSINESS TAX CREDITS AND DEDUCTIONS·Subch. Tax Credit and License Fee Reduction for Creation of Employment and Qualified Investment in Targeted Areas
Notwithstanding any reference in this chapter to Chapter 19 of this title, any taxpayer not subject to taxation under Chapter 19 of this title may claim the credits allowable under § 2011, § 2021, § 2040 or § 2070 of this title against the tax imposed by Chapter 11 of this title; provided, however, that the amount of credit claimed by an individual under Chapter 11 of this title shall not exceed 50% of the amount of tax imposed upon such individual by Chapter 11 of this title for such taxable year.
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Legislative History
68 Del. Laws, c. 202, § 12 ; 72 Del. Laws, c. 23, § 5 ; 72 Del. Laws, c. 467, § 6 ; 78 Del. Laws, c. 47, § 14
Nearby Sections
15
§ 2001
Short title§ 2002
Definitions§ 2003
Declaration of policy§ 2006
Limitations on credits§ 2007
Unused tax credit§ 2008
Administrative costs§ 2010
Definitions§ 2013
Rules and regulations§ 2015
Successors in title§ 2020
Definitions