A resident and nonresident individual shall be allowed a credit against that individual's tax otherwise due under this chapter in an amount equal to 15% of the individual's investment that is qualified under subchapter X of Chapter 87A of Title 29 (“Delaware Investment Tax Credit Program”) [repealed] and certified as such by the Director of the Division of Small Business to the Director of Revenue. Notwithstanding § 329 of this title to the contrary, determinations by the Delaware Economic Development Authority as to the qualification of any investment under the Delaware Investment Tax Credit Program [repealed] shall not be appealable to the Tax Appeal Board. In no event shall the credit allowable under this section exceed the tax otherwise due under this chapter. Unused credits under this section may be carried forward 4 years from the tax year in which they are certified under the Delaware Investment Tax Credit Program [repealed].
Structure Delaware Code
Chapter 11. PERSONAL INCOME TAX
Subchapter II. Resident Individuals
§ 1109. Itemized deductions [For application of this section, see 66 Del. Laws, c. 86, § 8].
§ 1110. Personal exemptions and credits.
§ 1111. Credit for income tax paid to another state.
§ 1112. Historic rehabilitation.
§ 1114. Child care and dependent care expense credit.
§ 1117. Earned income tax credit [Effective until fulfillment of 83 Del. Laws, c. 118, § 2].
§ 1117. Earned income tax credit [Effective upon fulfillment of 83 Del. Laws, c. 118, § 2].