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Delaware Free Printable 13_1100CR_1 for 2020 Delaware Computation Schedule for Claiming Delaware Economic Development Credits

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Computation Schedule for Claiming Delaware Economic Development Credits
13_1100CR_1

STATE OF DELAWARE DIVISION OF REVENUE 820 North French St. FORM 1100CR 0101 P.O. B ox 8911 COMPUTATION SCHEDULE FOR CLAIMING Wilm, DE 19899-8911 DELAWARE ECONOMIC DEVELOPMENT CREDITS FORM 1100CR MUST BE COMPLETED AND ATTACHED TO THE DELAWARE DIVISION OF REVENUE INCOME TAX RETURN FOR EACH YEAR THE DELAWARE ECONOMIC DEVELOPMENT TAX CREDITS ARE CLAIMED. PART A -- NAME AND ADDRESS OF APPLICANT 1. Enter Federal Employer Identification Number 1 --- or Tax Period Ending Date Social Security Number 2 --- 2. Name of Taxpayer 3. Address City State Zip 4. Location of qualifying business facility (if different from above). City State Zip 5. Date Qualifying Facility Placed in Service Targeted Area Number 6. Contact Person Telephone Number E-mail Address Fax Number PART B -- BUSINESS ACTIVITIES --- Check the appropriate qualifying activity(s) Aviation Maintenance & Repair Services Computer Software Sales (Wholesale Only) Consumer Credit Reporting/Collection Services Data Processing or Data Preparation Engineering Manufacturing Scientific, Agricultural or Industrial Research Telecommunications Wholesaling Management & Support Services for Activities listed Combination of Activities listed Occupational Licenses -- Targeted Areas Only Retailing -- Targeted Areas Only Other ________________ -- Brownfield Areas Only PART C - COMPUTATION OF ECONOMIC DEVELOPMENT CREDIT 1. Number of qualifying facility employees. [1] $250 ($500 Targeted Area, $500 Brownfield or $750 Brownfield in Targeted Area) if the qualified property was placed in service prior to January 1, 1997. $400 ($650 Targeted Area, $650 Brownfield or $900 Brownfield in Targeted Area) if the qualified property was placed in service after December 31, 1996. $ [2] Enter the amount of investment in the qualifying facility. $ [3] Divide Line 3 by $100,000 (Round to nearest whole number) $ [4] $ [5] $ [6] 2. Multiply Line 1 by 3. 4. $250 ($500 Targeted Area, $500 Brownfield or $750 Brownfield in Targeted Area) if the qualified property was placed in service prior to January 1, 1997. $400 ($650 Targeted Area, $650 Brownfield or $900 Brownfield in Targeted Area) if the qualified property was placed in service after December 31, 1996. 5. Multiply Line 4 by 6. Total Economic Development Credit. Add Line 2 and Line 5. 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 2(a). 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 2(b). 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 2(c). INDIVIDUAL & SOLE PROPRIETOR – Enter the amount from Line 6 on Form 700, Delaware Income Tax Credit Schedule, Line 2(d). (Revised 12/30/13) *DF12014019999* GENERAL INSTRUCTIONS FOR COMPLETION OF FORM 1100CR 0101 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 1100 CR. 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 700. Delaware Forms 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 Steve Seidel, Delaware Division of Revenue, 820 N. French Street, Wilmington, DE 19801, 302-577-8455, [email protected] SPECIFIC INSTRUCTIONS PART A - NAME AND ADDRESS OF APPLICANT 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 Credit. Line 2. Enter the name of the qualifying business. Line 3. Enter the address of the qualifying facility. Line 4. Enter the location of the qualifying facility if different from Line 3. Line 5. Provide the date the qualifying facility was placed in service. If the facility is located in a Targeted Area, please provide the Census Track identification number. Line 6. Enter the name of the person responsible for completing Form 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. PART C - COMPUTATION OF THE ECONOMIC DEVELOPMENT TAX CREDIT Line 1. Enter the number of new facility employees. Line 2. Multiply Line 1 by $250 ($500 for Targeted Area, $500 Brownfield or $750 Brownfield in a Targeted area) if the qualified property was placed in service prior to January 1, 1997 and enter here. Multiply Line 1 by $400 ($650 for Targeted Area, $650 Brownfield or $900 Brownfield in a Targeted) area if the qualified property was placed in service after December 31, 1996 and enter here. Line 3. Enter the amount of the investment in the qualified facility. Line 4. Divide Line 3 by $100,000 and round to the nearest whole number. Line 5. Multiply Line 4 by $250 ($500 for Targeted Area, $500 Brownfield or $750 Brownfield in a Targeted area) if the qualified property was placed in service prior to January 1, 1997 and enter here. Multiply Line 4 by $400 ($650 for Targeted Area, $650 Brownfield or $900 Brownfield in a Targeted) area if the qualified property was placed in service after December 31, 1996 and enter here. Line 6. This is your Delaware Economic Development Tax Credit. Add Line 2 and Line 5. 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 2(a). 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 2(b). 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 2(c). INDIVIDUAL & SOLE PROPRIETOR – Enter the amount from Line 6 on Form 700, Delaware Income Tax Credit Schedule, Line 2(d).
Extracted from PDF file 2019-delaware-form-1100cr-0101.pdf, last modified August 2013

More about the Delaware Form 1100CR 0101 Corporate Income Tax Tax Credit TY 2019

We last updated the Computation Schedule for Claiming Delaware Economic Development Credits in February 2020, so this is the latest version of Form 1100CR 0101, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 1100CR 0101 directly from TaxFormFinder. You can print other Delaware tax forms here.

Other Delaware Corporate Income Tax Forms:

TaxFormFinder has an additional 64 Delaware income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 5403 Real Estate Tax Return - Declaration of Estimated Income Tax
Form 300 Delaware Partnership Return
Form 1100-EXT Corporation Income Tax - Request For Extension
Form 6100 Occupancy Tax - Exemption Certificate
Form 300-Schedule-K1 Partners Share of Income

Download all DE tax forms View all 65 Delaware Income Tax Forms


Form Sources:

Delaware usually releases forms for the current tax year between January and April. We last updated Delaware Form 1100CR 0101 from the Division of Revenue in February 2020.

Show Sources >

Form 1100CR 0101 is a Delaware Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Delaware Form 1100CR 0101

We have a total of eight past-year versions of Form 1100CR 0101 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2017 Form 1100CR 0101

STATE OF DELAWARE

2016 Form 1100CR 0101

STATE OF DELAWARE

2012 Form 1100CR 0101

Computation Schedule For Claiming Delaware Economic Development Credits - Form 1100CR0101

2011 Form 1100CR 0101

Computation Schedule For Claiming Delaware Economic Development Credits - Form 1100CR0101


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