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.
State or Territory: | Delaware |
Effected Jurisdiction: | Delaware |
Jurisdiction type: | State or Territory |
Fiscal year ending In: | 2023 |
Program name: | Bank 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 taxes: | Bank Franchise Tax |
Method of abatement: | Tax Credit |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $5,054,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $5,054,000 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://accountingfiles.delaware.gov/docs/2023acfr.pdf |