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Delaware Free Printable Application For New Business Facility Tax Credits - Form 402AP 9901 for 2020 Delaware Tax Credits - Application For New Business Facility Credits

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Tax Credits - Application For New Business Facility Credits
Application For New Business Facility Tax Credits - Form 402AP 9901

STATE OF DELAWARE Department of Finance APPLICATION FOR NEW BUSINESS FACILITY Division of Revenue TAX CREDITS 820 N. French Street P.O. Box 8911 Wilmington Delaware 19899-8911 FORM 402AP 9901 Reset Print Form THIS APPLICATION MUST BE COMPLETED AND FILED WITH THE DIVISION OF REVENUE PRIOR TO CLAIMING ANY CORPORATE INCOME TAX CREDITS OR REDUCTIONS IN LICENSE TAXES PURSUANT TO CHAPTER 20, TITLE 30, DELAWARE CODE. PART A -- NAME AND ADDRESS 1. Federal Employer Identification Number 1 --2. Name of Taxpayer 3. Address 4. Location of qualifying business facility (if different from above). 5. Contact Person ( 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 Check the appropriate type of facility New facility Replacement facility Located on a Brownfield (Verification required from DNREC) ) Telephone Number Wholesaling Management & Support Services for Activities listed Combination of Activities listed Occupational Licenses -- Targeted Areas Only Retailing -- Targeted Areas Only Other ________________ -- Brownfield Areas Only Other ________________ -- Green Industries Only Expansion with new employees Expansion without new employees PART C -- QUALIFYING FACILITY INFORMATION 1. Enter the date the facility was placed in service. 2. Enter the value (at original cost if owned by the taxpayer, or eight times the annual rent paid less any amounts received as subrentals if leased) of the real and tangible personal property, except inventory or property held for sale to customers, which constitutes the new business facility or which is used by the taxpayer in the operation of the business facility. Include in this investment amount all costs expended by the taxpayer for environmental investigation and remediation if such facility is located on a brownfield. $ 3. If the qualifying facility is leased, provide the name, address and federal employer identification number of the lessor. F.E.I.N 4. Enter the number of new business facility employees employed by the taxpayer on a regular and full-time basis in the operation of the new, replaced or expanded facility. 5. If the qualifying facility has been acquired from another, provide the name, address and federal employer identification number of the previous owner. F.E.I.N 6. Is the taxpayer or firm related to the individual or firm listed above? [ ] YES Signature [ ] NO Date If yes, please describe the relationship. NEW BUSINESS FACILITY TAX CREDITS FORM 402AP 9901 GENERAL INSTRUCTIONS Form 402AP is used to apply for the Delaware corporate income tax credit and the Delaware gross receipts tax reduction which is available to businesses who establish or expand facilities located in Delaware and meet certain eligibility requirements. Form 402AP must be completed and returned to Stephen Seidel, Delaware Division of Revenue, 820 North French Street, Wilmington, Delaware 19801 (302) 577-8455 (e-mail at [email protected]) The Division of Revenue will notify the applicant in writing if the application is approved or disapproved. Approval by the Delaware Division of Revenue must be granted before the corporation can claim the income tax credits or the gross receipts tax reduction. A separate Form 402AP must be completed for each new or expanded facility. Effective for all qualified facilities placed in service after June 30, 2011, the general corporate income tax credits are $500 for each qualified employee and $500 for each $100,000 of qualified investment. If the facility is placed in service in a targeted area, the corporate income tax credits are increased to $750 for each qualified employee and $750 for each $100,000 of qualified investment. Any manufacturer located in Delaware may be entitled to green industries Delaware corporate income tax credits if the manufacturer reduces the amount of waste released from their manufacturing process by 20% or uses at least 25% of recycled materials in their manufacturing process. Additional credits are available if the manufacturer is in the business of the processing and resale of materials removed from the Delaware solid waste stream or is engaged in the business of the collection of materials for recycling and the distribution of recycled materials. Effective for all qualified facilities placed in service after June 30, 2011, any taxpayer may be entitled to Delaware corporate income tax credits of $750 for each qualified employee and $750 for each $100,000 of qualified investment if the facility is located on a brownfield site. If the brownfield site is located in a targeted area, the corporate income tax credits are increased to $900 for each qualified employee and $900 for each $100,000 of qualified investment. A brownfield site is defined as a vacant or unoccupied site that has been environmentally contaminated by commercial or industrial activity as verified by the Delaware Department of Natural Resources and Environmental Control. SPECIFIC LINE INSTRUCTIONS PART A -- NAME AND ADDRESS Enter the Federal Employer Identification Number of the facility applying for the New Business Facility Line 1. Tax Credit. Enter the name of the business applying for the New Business Facility Tax Credit. Line 2. Enter the address of the facility applying for the New Business Facility Tax Credit. Line 3. Enter the location of the facility applying for the New Business Facility Tax Credit. Line 4. Enter the name and telephone number of the person submitting this application. Line 5. PART B -- BUSINESS ACTIVITIES Please check the appropriate box or boxes which describe the activities of the facility applying for the New Business Facility Tax Credit. PART C -- QUALIFYING FACILITY INFORMATION Enter the date (MM/DD/YY) the facility applying for the New Business Facility Tax Credit was placed Line 1. in service. Enter the value, at original cost, of the real and tangible property used at the location of the facility Line 2. applying for the New Business Facility Tax Credit. If the facility applying for the New Business Facility Tax Credit is leased, enter the name, address and Line 3. Federal Employer Identification number of the lessor. Enter the number of employees employed at the facility applying for the New Business Facility Tax Line 4. Credit. If the facility applying for the New Business Facility Tax Credit was acquired from another, enter the Line 5. name, address and the Federal Employer Identification number of the previous owner. If the facility applying for the New Business Facility Tax Credit is related to the previous owner, check Line 6. the "YES" box and describe the relationship between the two entities. Check "NO" if the entities are not related.
Extracted from PDF file 2019-delaware-form-402ap-9901.pdf, last modified December 1969

More about the Delaware Form 402AP 9901 Corporate Income Tax Tax Credit TY 2019

We last updated the Tax Credits - Application For New Business Facility Credits in February 2020, so this is the latest version of Form 402AP 9901, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 402AP 9901 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 402AP 9901 from the Division of Revenue in February 2020.

Show Sources >

Form 402AP 9901 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 402AP 9901

We have a total of six past-year versions of Form 402AP 9901 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 402AP 9901

Application For New Business Facility Tax Credits - Form 402AP 9901

2016 Form 402AP 9901

Application For New Business Facility Tax Credits - Form 402AP 9901

2015 Form 402AP 9901

Application For New Business Facility Tax Credits - Form 402AP 9901

Tax Credits - Application For New Business Facility Credits 2014 Form 402AP 9901

Application For New Business Facility Tax Credits - Form 402AP 9901

Tax Credits - Application For New Business Facility Credits 2013 Form 402AP 9901

Application For New Business Facility Tax Credits - Form 402AP 9901

2011 Form 402AP 9901

Application For New Business Facility Tax Credits - Form 402AP 9901


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