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DE
Delaware R&D Tax Credit
Fully refundable Delaware R&D tax credit equal to 50% of the corresponding federal R&D credit for qualified research expenses conducted in Delaware. Small businesses with under $20M revenue may receive 20% of excess QREs or 100% of apportioned federal credit.
About this program
Visit the program website for full details.
Eligibility
Any company qualifying for the federal R&D tax credit that conducts qualified research activities in Delaware. Small businesses with revenue under $20 million have enhanced credit rates.
Requirements
- Conduct qualified research activities in Delaware under IRC § 41 standards
- Qualify for the federal R&D tax credit
- Submit Form 2070AC to the Division of Revenue by September 15 after the taxable year