Synopsis
This Amendment deletes House Bill No. 170 in its entirety and, therefore, becomes the Act. This Amendment differs from House Bill No. 170 by creating a 6-month holding period before tax credits can be claimed by investors, adds a description of qualified expenditures, and ensures that qualified investment dollars are spent in Delaware to spur job growth. This Amendment makes clear that this Act sunsets for purposes of tax years commencing on or after January 1, 2024. This Amendment also makes technical corrections to conform language from House Bill No. 170 to the standards of the Delaware Legislative Drafting Manual.