Delaware General Assembly

House Economic Development/Banking/Insurance & Commerce 6/10/25

Committee Hearing takes place within twelve legislative days.

6/10/25

Bush

Sen. Brown, Mantzavinos

Sen. Hoffner, Poore, Walsh, Wilson

AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO THE INNOVATING DELAWARE ACT.

This Act creates a tax credit for which accelerators may apply to incentivize the creation of industry and innovative businesses in Delaware. This tax credit may not reduce the recipient's tax burden by more than 50% and the program will be administered by the Division of Revenue.

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Takes effect upon being signed into law

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