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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateDelaware
Effected JurisdictionDelaware
Jurisdiction type: State
Fiscal year ending In2021
Program nameBank Franchise Tax Job Creation Credit
Program purpose: Job Creation/Retention
Statutory authority: Delaware Code, Title 5, Chapter 11, §1105(h) & (i)
Abating jurisdiction(s): State of Delaware
Applicable taxesBank Franchise Tax
Method of abatement: Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $4,888,000
Reimbursement / offset: $0
Net revenue loss: $4,888,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://accounting.delaware.gov/reports-transparency/