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Delaware Computation Schedule for Claiming Delaware Economic Development Credits
Extracted from PDF file 2023-delaware-form-1100cr-0101.pdf, last modified April 2022Computation Schedule for Claiming Delaware Economic Development Credits
1100CR PRINT COMPUTATION SCHEDULE FOR CLAIMING DELAWARE ECONOMIC DEVELOPMENT CREDITS AND NEW ECONOMY JOBS PROGRAM CREDITS RESET FORM 1100CR MUST BE COMPLETED AND ATTACHED TO THE DELAWARE DIVISION OF REVENUE INCOME TAX RETURN FOR EACH YEAR DELAWARE ECONOMIC DEVELOPMENT CREDITS OR NEW ECONOMY JOBS PROGRAM CREDITS ARE CLAIMED. PART A - NAME AND ADDRESS OF APPLICANT 1 - ENTER TAXPAYER ID OR 2 - SOCIAL SECURITY NUMBER TAX PERIOD ENDING 2. NAME OF TAXPAYER 3. ADDRESS CITY STATE ZIP CODE 4. LOCATION OF QUALIFYING FACILITY (IF DIFFERENT) CITY STATE ZIP CODE 5. DATE QUALIFYING FACILITY PLACED IN SERVICE TARGETED AREA NUMBER 6. CONTACT PERSON TELEPHONE NUMBER EMAIL ADDRESS FAX NUMBER PART B - BUSINESS ACTIVITIES - Check the appropriate qualifying activity Aviation Maintenance & Repair Services Telecommunications Computer Software Sales (Wholesale Only) Wholesaling Consumer Credit Reporting/Collection Services Management & Support Services for Activities listed Data Processing or Data Preparation Combination of Activities listed Engineering Occupational Licenses - Targeted Areas Only Manufacturing Retailing - Targeted Areas Only Scientific, Agricultural or Industrial Research Other (Brownfield Areas Only) PART C - COMPUTATION OF ECONOMIC DEVELOPMENT CREDIT 1. NUMBER OF QUALIFYING FACILITY EMPLOYEES 2. Multiply Line 1 by 3. ENTER THE AMOUNT OF INVESTMENT IN THE QUALIFYING FACILITY 4. Divide Line 3 by $100,000 (Round to nearest whole number) 5. Multiply Line 4 by 6. TOTAL ECONOMIC DEVELOPMENT CREDIT. Add Line 2 and Line 5. $500 ($750 Targeted Area or $900 Brownfield in Targeted Area) if the qualified property was placed in service after December 31, 1996. $500 ($750 Targeted Area or $900 Brownfield in Targeted Area) if the qualified property was placed in service after December 31, 1996. STOP: IF THE BUSINESS ENTITY FOR WHICH THE CREDIT HAS BEEN APPROVED IS: C CORPORATION – Enter the amount from Line 6 on Form 700, Delaware Income Tax Credit Schedule, Line 5. S CORPORATION – Multiply the amount on Line 6 by the percentage of stock owned by each shareholder. Enter the result on Form 700, Delaware Income Tax Credit Schedule, Line 5 PARTNERSHIP – Multiply the amount on Line 6 by the percentage ownership of each partner. Enter the result on Form 700, Delaware Income Tax Credit Schedule, Line 5. INDIVIDUAL & SOLE PROPRIETOR – Enter the amount from Line 6 on Form PIT-CRS, Delaware Income Tax Credit Schedule, Line 5. DF12021019999V1 Revision: 20220407 Page 1 1100CR COMPUTATION SCHEDULE FOR CLAIMING DELAWARE ECONOMIC DEVELOPMENT CREDITS AND NEW ECONOMY JOBS PROGRAM CREDITS FORM 1100CR MUST BE COMPLETED AND ATTACHED TO THE DELAWARE DIVISION OF REVENUE INCOME TAX RETURN FOR EACH YEAR DELAWARE ECONOMIC DEVELOPMENT CREDITS OR NEW ECONOMY JOBS PROGRAM CREDITS ARE CLAIMED. D1 D1 PART D – COMPUTATION OF THE NEW ECONOMY JOBS PROGRAM CREDIT – SEE APPROPRIATE SECTION(S) NOTE: You may be eligible for all 3 of the credits but the combined total CANNOT exceed 65% of your total Withholding payments. Credit based on minimum additional employment D2 Credit based on minimum additional employment in vital jobs D3 CREDIT BASED ON MINIMUM ADDITIONAL EMPLOYMENT 1. Enter the number of Qualified employees in the base year. 2. Enter the number of Qualified employees in the certified year. 3. Enter the number of additional Qualified employees. Subtract Line 1 from Line 2. 4. Enter the amount of withholding tax payments for the Qualified Employees. 5. Subtract 50 from Line 3. If negative, enter zero. 6. Multiply Line 5 by .00075. 7. Add the total on Line 6 plus 25%. 8. Multiply Line 4 by Line 7. 9. Multiply Line 4 by 10% if the qualified employees are in an incorporated municipality, targeted growth area, or targeted growth county. Multiply Line 4 by 5% if the qualified employees are in a reclaimed Brownfield area in which the qualified employer is the first tenant. 10. Add Line 8 plus Line 9. This is your total credit. The total credit cannot exceed the product of your withholding tax payments multiplied by 40%. D2 CREDIT BASED ON MINIMUM ADDITIONAL EMPLOYMENT IN VITAL JOBS 1. Enter the number of vital employees in the base year. 2. Enter the number of vital employees in the certified year. 3. Enter the number of additional vital employees. Subtract Line 1 from Line 2. 4. Enter the amount of withholding tax payments for the vital employees. 5. Enter the average annual compensation of the vital employees. 6. Subtract 200 from line 3. 7. Multiply Line 6 by .0005. 8. Enter the total of Line 7 plus 25%. 9. Multiply Line 4 by Line 8. 10. Multiply Line 4 by 10% if the qualified employees are in an incorporated municipality, targeted growth area, or targeted growth county. Multiply Line 4 by 5% if the qualified employees are in a reclaimed Brownfield area in which the qualified employer is the first tenant. 11. Add Line 9 plus Line 10. This is your total credit. The total credit cannot exceed the product of your withholding tax payments multiplied by 40%. D3 CREDIT BASED ON MINIMUM EMPLOYMENT IN RETAINED ELIGIBLE JOBS 1. Enter the number of retained employees, which must be no fewer than 200. 2. Enter the number of retained employees in excess of 200. 3. Enter the average annual compensation of the retained employees, which must be at least $70,000. 4. Enter the amount of withholding tax payments for the retained employees. 5. Multiply Line 2 by .0005. 6. Enter the total of Line 5 plus 25%. 7. Multiply Line 4 by Line 6. 8. Multiply Line 4 by 10% if the qualified employees are in an incorporated municipality, targeted growth area, or targeted growth county. Multiply Line 4 by 5% if the qualified employees are in a reclaimed Brownfield area in which the qualified employer is the first tenant. 9. Add Line 7 plus Line 8. This is your total credit. The total credit must not exceed the product of your withholding tax payments multiplied by 40%. DF12021029999V1 Revision: 20220407 Page 2 Credit based on minimum employment in retained eligible jobs
Form 1100CR 0101
More about the Delaware Form 1100CR 0101 Corporate Income Tax Tax Credit TY 2023
We last updated the Computation Schedule for Claiming Delaware Economic Development Credits in February 2024, so this is the latest version of Form 1100CR 0101, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 1100CR 0101 directly from TaxFormFinder. You can print other Delaware tax forms here.
Other Delaware Corporate Income Tax Forms:
TaxFormFinder has an additional 64 Delaware income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 1100 | Corporate Income Tax Return |
| Form 700 | Delaware Income Tax Credit Schedule |
| Form 5403 | Real Estate Tax Return - Declaration of Estimated Income Tax |
| Form 1100-EXT (2014) | Corporation Income Tax - Request For Extension |
| Form 1100S | S Corporation Reconciliation And Shareholders Return |
View all 65 Delaware Income Tax Forms
Form Sources:
Delaware usually releases forms for the current tax year between January and April. We last updated Delaware Form 1100CR 0101 from the Division of Revenue in February 2024.
Form 1100CR 0101 is a Delaware Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Delaware Form 1100CR 0101
We have a total of twelve past-year versions of Form 1100CR 0101 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2020 Form 1100CR 0101
13_1100CR_1
2019 Form 1100CR 0101
13_1100CR_1
2017 Form 1100CR 0101
STATE OF DELAWARE
2016 Form 1100CR 0101
STATE OF DELAWARE
2015 Form 1100CR 0101
STATE OF DELAWARE
2014 Form 1100CR 0101
13_1100CR_1
2013 Form 1100CR 0101
13_1100CR_1
2012 Form 1100CR 0101
Computation Schedule For Claiming Delaware Economic Development Credits - Form 1100CR0101
2011 Form 1100CR 0101
Computation Schedule For Claiming Delaware Economic Development Credits - Form 1100CR0101
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