Delaware Tax Credits - New Economy Jobs Program - Application

Tax Credits - New Economy Jobs Program - Application
Form 2080DE
2080DE
NEW ECONOMY JOBS PROGRAM APPLICATION
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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.

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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)

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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.

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