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.

State: 
Delaware
Reporting Jurisdiction: 
Delaware
Jurisdiction type
State
Fiscal year ending In: 
2018
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 Taxes; Income Taxes
Method of abatement
Tax credit
Provisions for recapture
(not specified)
Gross revenue loss
$4,891,000
Reimbursement / offset
$0
Net revenue loss
$4,891,000
Type of loss
Active
Additional notes on dislosure: 
(none)