INCENTIVE DESCRIPTION

State:	DE
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Brownfield Credits
Description:	BROWNFIELD FACILITY CREDIT A corporate income tax credit is allowed for facilities placed in service after June 30, 1995 and before January 1, 2007. The amount of the investment in this facility shall include all amounts expended by the taxpayer for environmental investigation and remediation of the "brownfield". Any corporate taxpayer hiring new permanent and full time employees at a qualified "brownfield" site is allowed a credit equal to the sum of $650 times the number of qualified employees, plus $650 times each $100,000 of qualified facility investment. If the "brownfield" site is located in a targeted area, the credits are increased to $900 times the number of qualified employees plus $900 times each $100,000 unit of investment.
Eligibility Requirements:	Project must be on an eligible site. Must create new jobs.
Geographic Restrictions:	Brownfield Areas Statewide
Granting Authority:	State of Delaware

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

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