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Delaware Tax Credits - New Economy Jobs Program - Application
Extracted from PDF file 2023-delaware-form-2080de.pdf, last modified March 2020Tax Credits - New Economy Jobs Program - Application
2080DE NEW ECONOMY JOBS PROGRAM APPLICATION Reset Print Form An applicant for the New Economy Jobs Program must submit an application for certification as a qualified employer or qualified retained employer to the Secretary of Finance with a copy to the Director of Economic Development before any credits can be approved. PART A — NAME AND ADDRESS 1. NEW CERTIFICATION 2. AMENDED CERTIFICATION (Attach Copy of Previous Certification) 3. NAME OF APPLICANT 4. TAXPAYER ID NO. 5. ADDRESS LINE 1 6. ADDRESS LINE 2 7. CITY 8. STATE 9. ZIP DELAWARE ADDRESS (IF DIFFERENT FROM ABOVE) 10. ADDRESS LINE 11. ADDRESS LINE 2 13. STATE 14. ZIP 12. CITY 15. CONTACT PERSON NAME 16.TELEPHONE NO. 17. EMAIL ADDRESS 18. FAX NO. DF31320019999V1 Revision: 20200319 Page 1 2080DE NEW ECONOMY JOBS PROGRAM APPLICATION PART B — INFORMATION FOR QUALIFICATION 1. Year Employer is claiming as its “Certified Year” YYYY 2. Year Employer is claiming as its “Base Year”, if applicable (only relevent to Qualified Employer) YYYY QUALIFIED EMPLOYER QUALIFIED RETAINED EMPLOYER 3. Number of “Qualified Employees” in “Certified Year” 7. “ Qualified Retained Employer” Certify that within the three-year period prior to Certified Year: • the employer has gone through a corporate restructuring; and • the employer, a predecessor of the employer or a member of the employer’s affiliated group had its principal executive office located within this State; and at the time of certification: • identifies the address of its principal executive offices as being located within this State; and is either 4. Number of “Qualified Employees” in “Base Year” 5. Number of “Vital Employees” in “Certified Year” 6. Number of “Vital Employees” in “Base Year” A. a publicly traded company with its business focused on agricultural seed and crop protection products; or B. is a publicly traded company with its business focused on nutrition and health, industrial biosciences, safety and protection and/or electronics and communications. 1 MAIL ORIGINAL CERTIFICATION TO: Delaware Division of Revenue, Business Audit Bureau Carvel State Office Building, 8th Floor 820 N. French Street Wilmington, DE 19801 8. Average Annual Salary of “Qualified Retained Employees” (Must exceed $70,000) 9. Number of “Qualified Retained Employees” (must be over 200) in “Certified Year” 2 MAIL COPY OF CERTIFICATION TO: Office of Director Division of Small Business 99 Kings Highway Dover, DE 19901 10. A re there retained jobs in incorporated municipalities or YES Targeted Growth Area? NO YES NO YES NO 11. A re there retained jobs in targeted growth counties? 12. Are there retained jobs in a reclaimed Brownfield, where the employer is the first tenant? I declare under penalties of perjury, that this is a true, correct and complete return. DATE AUTHORIZED SIGNATURE FOR OFFICE USE ONLY CERTIFICATION DENIED CERTIFICATION APPROVED RICHARD J. GEISENBERGER, SECRETARY OF FINANCE (SIGNATURE) DF31320029999V1 Revision: 20200319 Page 2 DATE 2080DE NEW ECONOMY JOBS PROGRAM APPLICATION INSTRUCTIONS - DO NOT MAIL Complete form and mail an original and a copy to addresses indicated below. Once reviewed and if approved the Delaware Division of Revenue will mail Certification with Tax Credit Forms and Instructions. The Secretary of Finance shall annually review the certification of qualified employers for eligibility for New Economy Jobs Program credits before credits are allowed. For any single calendar year subsequent to its first certified year in which a qualified employer hires and employs no fewer than 50 additional qualified employees in new eligible jobs, the qualified employer may: • Elect to treat such additional qualified employees either as an addition to its existing number of qualified employees under its existing certification; or • Make a separate application pursuant to this section and § 2083 of this title for certification and credits with respect to such additional qualified employees. No qualified employee in any certified year who was employed in Delaware in the base year by a member of an affiliated group which conducted or conducts business in this State during the base year or any year thereafter shall be counted as newly hired or employed qualified employees or qualified employees in new eligible jobs for purposes of calculating the New Economy Jobs Program credits. Qualified “Qualified Employee” means a common-law employee employed in an eligible job in this State. Employee Qualified “Qualified Employer” means an employer certified to be eligible for New Economy Jobs Program credits under this subchapter. Employer Qualified “Qualified Retained Employer“ means an employer certified to be eligible for New Economy Jobs Program credits under this subchapter and within the Retained 3-year period prior to certification: Employer a. The employer has gone through a corporate restructuring; and b. The employer, a predecessor of the employer or a member of the employer’s affiliated group had its principal executive office located within this State, and at the time of certification: 1. A . Is a publicly-traded company with its business focused on agricultural seed and crop protection products; and B. Identifies the address of its principal executive offices as being located within this State; or 2. A. Is a publicly-traded company with its business focused on nutrition and health, industrial biosciences, safety and protection and/or electronics and communications; and B. Identifies the address of its principal executive offices as being located within this State. Base Year “Base Year” shall mean the calendar year immediately preceding a qualified employer’s first certified year. Brownfield “Brownfield” shall have the meaning set forth in § 9103 of Title 7. Certified “Certified Year” shall mean a calendar year for which an employer is certified to be eligible for New Economy Jobs Program credits Year under this subchapter. Eligible Job “Eligible Job” means any single position held by a common-law employee in this State for which the compensation equals or exceeds the salary threshold. More than 1 consecutive employee may perform an eligible job during a single calendar year so long as the total compensation of all consecutive employees performing such eligible jobs during such calendar year equals or exceeds the salary threshold. Salary “Salary Threshold” means the amount of Delaware sourced compensation paid to a common law employee, rounded to the nearest $100, calculated by Threshold multiplying $112,200 as adjusted pursuant to 30 Del. C. § 515 times the inflation adjustment factor. Vital “Vital Employee” means a common-law employee employed in a vital job in this State. Employee Vital Job “Vital Job” means any single position held by a vital employee in this State. DF31319039999V1 Revision: 20200319 Page 3
Form 2080DE
More about the Delaware Form 2080DE Corporate Income Tax Tax Credit TY 2023
We last updated the Tax Credits - New Economy Jobs Program - Application in February 2024, so this is the latest version of Form 2080DE, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 2080DE 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 2080DE from the Division of Revenue in February 2024.
Form 2080DE 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 2080DE
We have a total of eleven past-year versions of Form 2080DE in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2016 Form 2080DE
Microsoft Word - 2080de.doc
2015 Form 2080DE
Microsoft Word - 2080de.doc
2014 Form 2080DE
Microsoft Word - 2080de.doc
2012 Form 2080DE
Microsoft Word - 2080de.doc
2011 Form 2080DE
Microsoft Word - 2080de.doc
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