Delaware R&D Tax Credit Summary

R&D Tax Credit Available

Yes

STATE

Delaware

NAME

Delaware Research and Development Tax Credit

DOES IT APPLY TO C-CORPS & PASS THROUGHS?

Yes

DESCRIPTION

Nonrefundable credit with similar definition to federal for Qualified Research Expenses and Qualified Research Activities, except only include Delaware-based expenses. Two calculation methods

PERCENTAGE

10% on incremental expenses over the base amount similar to the federal regular method.

50% on federal R&D credit apportioned to Delaware for smaller taxpayers.