Public Utilities Tax Rebate (Delaware)
Last modified on February 12, 2015.
|Applies to States or Provinces||Delaware|
|Name||Public Utilities Tax Rebate (Delaware)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Delaware Department of Finance|
|Primary Website|| http://revenue.delaware.gov/services/Business_Tax/FullBC.shtml
|Last Review|| 2014-09-15
This rebate is part of the Blue Collar Jobs Act, which establishes tax breaks for businesses that have sustainable jobs and make significant investments in the state.
Firms meeting the criteria for targeted industry tax credits are eligible for a rebate of 50 percent of the public utilities tax imposed on new or increased consumption of natural gas and electricity for four years. The public utilities tax rate is 4.25 percent. The utility tax on the consumption of electric by licensed manufacturers and food or agribusiness processors is reduced from 4.25 percent to 2 percent.
|Contact Name||Micheal R. Smith|
|Department||Department of Finance|
|Division|| Division of Revenue
|Phone|| (302) 577-8445
Authorities (Please contact the if there are any file problems.)
|Authority 1:|| TITLE 30 CHAPTER 55. § 5507