Any taxpayer claiming any of the following credits should complete Form 700 (available from the Division of Revenue and on our website at www.state.de.us/revenue) and submit it with their Delaware return.

Blue Collar

Certain businesses are eligible for tax credits based on combinations of capital investment and new employment in this state. These credits may be taken on personal income tax returns, in the case of business proprietors, partners in partnerships, or shareholders in S corporations.

Green Industry credits

Credits are available for reducing waste release, use of recycled materials, processing of waste materials, and collection and distribution of recycled materials. Only those taxpayers whose eligibility is certified by the Department of Natural Resources and the Delaware Development Office may claim these credits.

Brownfield tax credits

These credits are available for promoting the rehabilitation of contaminated industrial and commercial sites. Only those taxpayers whose eligibility is certified by the Department of Natural Resources and Environmental Control may claim these credits.

Land and Historic Resource Tax Credit

A business or individual may take an income tax credit for permanent gifts of land or interest in land to public agencies and qualified private non-profit charitable organizatins. The tax credit is based on 40% of the appraised fair market value of the gift. The credit is limited to $50,000 and cannot exceed the tax due. Unused portions of the $50,000 credit can be carried forward for up to five consecutive years. Only those taxpayers whose eligibility is certified by the Department of Natural Resources and Environmental Control may claim this credit. A Division of Revenue approval letter must be attached to your Delaware Return.

Historic Preservation Tax Credits

This credit is available to Resident Curators and to those persons who work to promote community revitalization and restoration, and the rehavilitation of historic properties. Only those taxpayers whose eligibility is certified by the State Office of Historic Preservation may claim these credits. Approved credits can be claimed after July 1,2002.

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