Delaware General Assembly

PWB 5/19/26

Amendment is attached to the legislation and awaits consideration

HB 364 -HA 1

5/19/26

Harris

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) Requires credits to be awarded on a first-come-first-served basis and in accordance with the priorities outlined in the Act.

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