General Instructions - Form 11oocr 9507
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1+STOP. If the business is an S Corporation with non-
1100s. If a Sole Proprietor/Partnership/S Corporation
GENERAL INSTRUCTIONS - FORM 1 1OOCR 9507
Form 11 OOCR is used to calculate the income tax
Targeted Industries - The corporate income tax credit
credit available to businesses who establish or expand
and license gross receipts tax incentives provided for
facilities located in Delaware who meet certain
in Chapter 20 have been expanded to include three
requirements.
Form 11 OOCR must be completed and
new qualifying activities: 1) Data processing services
including programming, 2) Engineering services and, 3).
attached to the Delaware Corporate, S Corporation,
Personal Income tax or Partnership return by any
Consumer credit reporting services, collection services
taxpayer claiming this credit. A separate Form 11 OOCR
and credit reporting services. The
definition of
administration and management operations which
must be completed for each qualified facility.
currently qualify was clarified to expressly include
FACILITIES IN SERVICE AFTER DECEMBER 31, 1991
support and marketing activities
Effective, January 1, 1992, House Bill No. 4 1 5
Miscellaneous Credit Provisions - HB 415 also
provides for: 1) Flow through credits for: shareholders
provides for expanded business tax credits for targeted
of an "S" corporation, partners and sole proprietors, 2)
industries, expanded and replaced facilities and for
hiring additional employees. Employment credits are
Updated targeted census tracks based on 1990
doubled if the employer provides health care benefits.
Census, 3) Credits for investment without new
Employment Tax Credits - Companies hiring n e w ,
employees,
4 ) C a p s o f $ 5 0 0 , 0 0 0 o n c e r t a i n
permanent and full time employees in target industries
investments, and 5) Green Industries Credits for
(generally manufacturing, wholesaling and R&D) after
activities related to conservation and reduction in
receive
January 1, 1991 will
a $250 per employee tax
waste emissions.
credit on their corporate income tax returns.
If the such
BROWNFIELD FACILITIES IN SERVICE AFTER
employer provides health care benefits the credits are
JUNE 30,1995 AND BEFORE JANUARY 1,1997
increased to $500 per employee. The credits are
for the increase
effective
in employment commencing
Senate Bill 41 provides that qualified businesses
in 1992 and may be claimed for the taxable years
ending December 31,1992 and 1993. Unused credits
who locate on a brownfield, are approved by the
may be carried over for a period of ten years. For
Department of Natural Resources and Environmental
Control and hire new permanent and full time
purposes of this new employment tax credit, banks
qualify. Complete Form 1100 EMP to claim this credit.
employees will receive a $500 per employee tax credit
If the
on their corporate
income tax return.
“brownfield” site is located in a targeted area, t h e
credits are increased to $750 per employee.
SPECIFIC INSTRUCTIONS
PART A - NAME AND ADDRESS
Line 3. Enter the amount of the investment in the
qualified facility.
Line 1.
Enter the Federal Employer Identification
Line 4. Divide Line 3 by $lOO,OOOand
round to the
number of the qualifying facility taking the New
nearest whole number.
Business Facility Tax Credit and the tax year ending.
Line 5. Multiply Line 4 by $250 ($500 for Targeted
Line 2. Enter the name of the qualifying facility.
Area) and enter here.
Line 3. Enter the address of the qualifying facility.
Line 6. Add Lines 2 and 5 and enter here.
tine 4. Enter the location of the qualifying facility if
different from Line 3.
resident shareholders, multiply the amount on Line 6
Line 5. Provide the date the qualifying facility was
times the percentage of stock owned by non-resident
placed in service. If the facility is located in a Targeted
shareholders and enter the result on Line 11, Form
Area, please provide the Census Track identification.
with resident shareholders, enter the amount on Line 6
PART B - BUSINESS ACTIVITIES
on Line 2 (Line 3 if Targeted Area), Form 700. Lines 7,
8 and 9 are to be completed only if the business entity
Please check the appropriate box or boxes which
is a C Corporation.
describe the activities of the facility.
Line 7. Enter on Line 7 the amount of tax liability
PART C - COMPUTATION OF NEW BUSINESS
computed on Line 13, Form 1100.
FACILITY TAX CREDIT
Line 8. Multiply Line 7 by 50°h and enter this amount
Line 1. Enter the number of new facility employees.
on Line 8.
Line 9. C Corporation New Business Facility Credit.
Line 2. Multiply Line 1 by $250 ($500 for Targeted
Enter the lesser of Line 6 or Line 8 here and on
Area) and enter here.
Line 17, Form 1100.
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