Delaware House Fast Tracks DuPont Tax Incentives Bill - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Delaware House Fast Tracks DuPont Tax Incentives Bill

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DuPont headquarters in Wilmington, Del. (Jennifer Corbett/AP) DuPont headquarters in Wilmington, Del. (Jennifer Corbett/AP)

DOVER, Del. (AP)- A bill offering millions of dollars in tax incentives for DuPont following its planned merger with Dow Chemical is being fast-tracked in the Delaware House.
    
The bill cleared a House committee Wednesday, and lawmakers planned to suspend rules Thursday for a floor vote.
    
The measure cleared the Senate last week with no debate.
    
The bill eliminates a $5 million aggregate cap on research and development tax credits and makes the credits refundable. It also restores a never-used new jobs tax credit and expands it to include jobs retained after a corporate restructuring.
    
Dow and DuPont already have said the headquarters of spin-off agricultural and specialty products businesses will be located in Delaware.
    
The bill is expected to cost taxpayers $3.5 million in fiscal 2018 and $10.6 million in fiscal 2019.

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