Form 402ap 9901 - Application For New Business Facility Tax Credits - 2012 Page 2
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2NEW BUSINESS FACILITY TAX CREDITS
FORM 402AP 9901
GENERAL INSTRUCTIONS
Form 402AP is used to apply for the Delaware corporate income tax credit and the Delaware gross receipts tax
reduction which is available to businesses who establish or expand facilities located in Delaware and meet certain
eligibility requirements. Form 402AP must be completed and returned to Stephen Seidel, Delaware Division of
Revenue, 820 North French Street, Wilmington, Delaware 19801 (302) 577-8455 (e-mail at stephen.seidel@state.de.us)
The Division of Revenue will notify the applicant in writing if the application is approved or disapproved. Approval by
the Delaware Division of Revenue must be granted before the corporation can claim the income tax credits or the
gross receipts tax reduction. A separate Form 402AP must be completed for each new or expanded facility.
Effective for all qualified facilities placed in service after June 30, 2011, the general corporate income tax credits are
$500 for each qualified employee and $500 for each $100,000 of qualified investment. If the facility is placed in service
in a targeted area, the corporate income tax credits are increased to $750 for each qualified employee and $750
for each $100,000 of qualified investment.
Any manufacturer located in Delaware may be entitled to green industries Delaware corporate income tax credits
if the manufacturer reduces the amount of waste released from their manufacturing process by 20% or uses at least
25% of recycled materials in their manufacturing process. Additional credits are available if the manufacturer is in
the business of the processing and resale of materials removed from the Delaware solid waste stream or is
engaged in the business of the collection of materials for recycling and the distribution of recycled materials.
Effective for all qualified facilities placed in service after June 30, 2011, any taxpayer may be entitled to Delaware
corporate income tax credits of $750 for each qualified employee and $750 for each $100,000 of qualified investment
if the facility is located on a brownfield site. If the brownfield site is located in a targeted area, the corporate income
tax credits are increased to $900 for each qualified employee and $900 for each $100,000 of qualified investment.
A brownfield site is defined as a vacant or unoccupied site that has been environmentally contaminated by commercial
or industrial activity as verified by the Delaware Department of Natural Resources and Environmental Control.
SPECIFIC LINE INSTRUCTIONS
PART A -- NAME AND ADDRESS
Line 1.
Enter the Federal Employer Identification Number of the facility applying for the New Business Facility
Tax Credit.
Line 2.
Enter the name of the business applying for the New Business Facility Tax Credit.
Line 3.
Enter the address of the facility applying for the New Business Facility Tax Credit.
Enter the location of the facility applying for the New Business Facility Tax Credit.
Line 4.
Enter the name and telephone number of the person submitting this application.
Line 5.
PART B -- BUSINESS ACTIVITIES
Please check the appropriate box or boxes which describe the activities of the facility applying for the New Business
Facility Tax Credit.
PART C -- QUALIFYING FACILITY INFORMATION
Line 1.
Enter the date (MM/DD/YY) the facility applying for the New Business Facility Tax Credit was placed
in service.
Line 2.
Enter the value, at original cost, of the real and tangible property used at the location of the facility
applying for the New Business Facility Tax Credit.
If the facility applying for the New Business Facility Tax Credit is leased, enter the name, address and
Line 3.
Federal Employer Identification number of the lessor.
Line 4.
Enter the number of employees employed at the facility applying for the New Business Facility Tax
Credit.
If the facility applying for the New Business Facility Tax Credit was acquired from another, enter the
Line 5.
name, address and the Federal Employer Identification number of the previous owner.
If the facility applying for the New Business Facility Tax Credit is related to the previous owner, check
Line 6.
the "YES" box and describe the relationship between the two entities. Check "NO" if the entities are
not related.
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