Enlarge image | DELAWARE 1100CR ECONOMIC DEVELOPMENT CREDITS AND NEW ECONOMY JOBS PROGRAM CREDITS Revised 02/25/22 General Instructions The application for claiming the Delaware Economic Development Credits (Form 402AP) must be completed by the taxpayer and approved by the Delaware Division of Revenue prior to filing Form 1100CR. After receiving tax credit approval from the Delaware Division of Revenue, Delaware Form 1100CR must be completed and the approved amount of credit transferred to the appropriate line on Delaware Form PIT-CRS or Form 700. Delaware Forms PIT-CRS, 700 and 1100CR must be attached to each annual income tax return approved for the credit. If you need assistance completing this form, please contact Delaware Division of Revenue, 820 N. French Street, Wilmington, DE 19801, or email DOR_CorpTax@delaware.gov SPECIFIC INSTRUCTIONS Line by Line instructions Part A Name and Address of Applicant Part C Computation of the Economic Development Tax Credit Line 1 Enter the number of new facility employees. Line 1 Enter the Federal Employer Identification or Social Security Number and the tax year ending date of the qualifying facility that has been previously approved for the Delaware Economic Development Tax Line 2 Multiply Line 1 by $500 ($750 for Targeted Area, or $900 Credit. Brownfield in a Targeted) area if the qualified property was placed in service after December 31, 1996 and enter here. Line 2 Enter the name of the qualifying business. Line 3 Enter the amount of the investment in the qualified facility. Line 3 Enter the address of the qualifying business. Line 4 Divide Line 3 by $100,000 and round to the nearest whole number. Line 4 Enter the location of the qualifying facility if different from Line 3. Line 5 Multiply Line 4 by $500 ($750 for Targeted Area, or $900 Line 5 Provide the date the qualifying facility was placed in service. If Brownfield in a Targeted) area if the qualified property was placed in the facility is located in a Targeted Area, please provide the Census Tract service after December 31, 1996 and enter here. identification number. Line 6 This is your Delaware Economic Development Tax Credit. Add Line 6 Enter the name of the person responsible for completing Form Line 2 and Line 5. 1100CR. Also include the telephone number, fax number and e-mail address of the person. Part B Business Activities Please check the appropriate box or boxes which describe the activities of the facility. 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. |