Delaware Expands Research Tax Credit - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Delaware Expands Research Tax Credit

Posted: Updated:

DOVER, Del. (AP) - Small business owners in Delaware are eligible for an expanded tax credit with the signing of a new law by Gov. Jack Markell.

Markell on Tuesday signed legislation doubling the state research and development tax credit for smaller businesses while maintaining the annual cap of $5 million for the credit as a whole.

Currently, all businesses are entitled to a state tax credit equal to half of the corresponding federal tax credit for research and development in Delaware. Under the new law, businesses with less than $20 million average annual gross receipts for the most recent four years can get a state tax credit equal to the entire corresponding federal credit.

Markell noted that only about 2 percent of state R&D tax credits currently go to small companies and start-ups.


  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Draper Family and Friends Clean Up Adopted Highway

    Draper Family and Friends Clean Up Adopted Highway

    Apr 21, 2018 4:50 PM2018-04-21 20:50:00 GMT
    Saturday, April 21 2018 4:51 PM EDT2018-04-21 20:51:20 GMT
    SLAUGHTER BEACH, Del.- For the second time this year, longtime WBOC owner Thomas Draper's family and friends cleaned up the highway where he incurred critical injuries that eventually took his life. The roadway--Slaughter Beach Road--has since been adopteMore
    SLAUGHTER BEACH, Del.- For the second time this year, longtime WBOC owner Thomas Draper's family and friends cleaned up the highway where he incurred critical injuries that eventually took his life. The roadway--Slaughter Beach Road--has since been adopteMore
  • Charges Filed in Draper Crash

    Charges Filed in Draper Crash

    Apr 21, 2018 4:42 PM2018-04-21 20:42:00 GMT
    Saturday, April 21 2018 4:42 PM EDT2018-04-21 20:42:17 GMT
    SUSSEX COUNTY, Del.- A Lewes Man is now facing charges in connection with the accident that fatally wounded longtime WBOC owner Thomas Draper. According to the Delaware Department of Justice, Shawn Armstrong was arrested on January 10th of this year. He iMore
    SUSSEX COUNTY, Del.- A Lewes Man is now facing charges in connection with the accident that fatally wounded longtime WBOC owner Thomas Draper. According to the Delaware Department of Justice, Shawn Armstrong was arrested on January 10th of this year. He iMore
  • Four Arrested Following Walgreens Robbery and Police Chase in Lewes

    Four Arrested Following Walgreens Robbery and Police Chase in Lewes

    Apr 20, 2018 10:45 PM2018-04-21 02:45:00 GMT
    Saturday, April 21 2018 12:08 AM EDT2018-04-21 04:08:06 GMT
    (Photo Credit: MGN Online)(Photo Credit: MGN Online)
    (Photo Credit: MGN Online)(Photo Credit: MGN Online)
    LEWES, Del. -- Delaware State Police arrestedMore
    Delaware State Police arrested four men early Friday morning after they stole drugs from the Walgreens pharmacy and led police on a chase.  State Police arrestedMore
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices