House Rules
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House Amendment 2 to House Bill 364
153rd General Assembly (Present)
Progress
Passed 6/11/26
Details
6/11/26
This Amendment to HB 364 does the following:
(1) Removes the term "projects" from those activities considered qualified activities.
(2) Decreases the minimum expenditure amount for tax credit eligibility from $500,000 to $100,000.
(3) Updates the provision relating to loan-out companies and tax compliance to provide administrative clarity.
(4) Adjusts the withholding rate for loan-out companies from 6% to 6.6%.
(5) Clarifies that audits must include veritfication that all payments required on behalf of a loan-out company were timely and properly remitted and reported to the Division of Revenue, and that the loan-out company was duly licensed, registered, qualified, and otherwise authorized to conduct business in Delaware.
(6) Authorizes the sharing of data related to payments made and records and returns filed on behalf of a loan-out company and its employees with the Department of State and Division of Small Business.
(7) Makes other technical, nonsubstantive changes to conform to the Delaware Legislative Drafting Manual.
Amendments
Roll Calls
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Legislation Detail Feeds
Roll Call Details
Committee Report Details
Favorable:
On its Merits:
Unfavorable: