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 12. CITY 13. STATE 14. ZIP 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: 4. Number of “Qualified Employees” in • the employer has gone through a corporate restructuring; and “Base Year” • the employer, a predecessor of the employer or a member of the 5. Number of “Vital Employees” in employer’s affiliated group had its principal executive office located within “Certified Year” this State; and at the time of certification: 6. Number of “Vital Employees” in • identifies the address of its principal executive offices as being located “Base Year” within this State; and is either A. a publicly traded company with its business focused on agricultural seed and crop protection products; or 1 B. is a publicly traded company with its business focused on nutrition and health, industrial biosciences, safety and protection and/or electronics MAIL ORIGINAL CERTIFICATION TO: and communications. Delaware Division of Revenue, Business Audit Bureau Carvel State Office Building, 8th Floor 8. Average Annual Salary of “Qualified Retained 820 N. French Street Employees” (Must exceed $70,000) Wilmington, DE 19801 9. Number of “Qualified Retained Employees” 2 (must be over 200) in “Certified Year” MAIL COPY OF CERTIFICATION TO: 10. Are there retained jobs in incorporated municipalities or YES NO Office of Director Targeted Growth Area? Division of Small Business 99 Kings Highway 11. Are there retained jobs in targeted growth counties? YES NO Dover, DE 19901 12. Are there retained jobs in a reclaimed Brownfield, YES NO where the employer is the first tenant? I declare under penalties of perjury, that this is a true, correct and complete return. AUTHORIZED SIGNATURE DATE FOR OFFICE USE ONLY CERTIFICATION APPROVED CERTIFICATION DENIED RICHARD J. GEISENBERGER, SECRETARY OF FINANCE (SIGNATURE) DATE DF31320029999V1 Revision: 20200319 Page 2 |
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 |