1. Delaware Division of Revenue (DOR)
  2. Del. Code Ann. tit. 30, $\S\S 2070-2075$
  3. Credit for Research and Development Expenses
  4. Taxpayer’s Delaware Base Amount
  5. Total Delaware Qualified Research and Development Expenses
  6. Excess Delaware Qualified Research Expenses
  7. 10% Credit Rate (General Rule)
  8. 20% Credit Rate (Small Business Alternative)
  9. Small Business Definition ($\le \$20M$ Gross Receipts)
  10. Average Annual Gross Receipts (Delaware)
  11. Delaware Apportioned Share
  12. Federal Research and Development Tax Credit
  13. Alternative Simplified Credit (ASC) Method
  14. Delaware’s Apportioned Share of Federal ASC
  15. 50% Apportionment Rate (General Rule ASC)
  16. 100% Apportionment Rate (Small Business ASC)
  17. Annual Election (Delaware Credit Calculation)
  18. Independent Election (of Federal Method)
  19. Fully Refundable Credit
  20. Unused Credit Refund (Cash Payment)
  21. Qualified Tax Liability
  22. Corporate Income Tax (Offset)
  23. Partnership Allocation ($\S 41(f)(2)(B)$)
  24. S Corporation Pass-Through
  25. LLC Tax Treatment (Pass-Through)
  26. Form 2070AC (Application and Computation Schedule)
  27. Filing Deadline (September 15th)
  28. Federal Form 6765 (Required Attachment)
  29. Form 700 (Delaware Income Tax Credit Schedule)
  30. Qualified Research Expenses (QREs)
  31. Research Conducted in Delaware
  32. Wages for Qualified Services (Delaware)
  33. Supplies Used in Qualified Research (Delaware)
  34. Contract Research Expenses (Delaware)
  35. IRC $\S 41$ (Federal Definitions)
  36. Technological in Nature (4-Part Test)
  37. Elimination of Uncertainty (4-Part Test)
  38. Process of Experimentation (4-Part Test)
  39. Permitted Purpose (4-Part Test)
  40. Prior Year’s Expenditures (Base Amount Calculation)
  41. Delaware Fixed-Base Percentage
  42. Gross Receipts for the 4 Preceding Years
  43. Taxable Year
  44. Carryforward of Unused Credit
  45. Carryforward Period (15 Years)
  46. Former Credit Cap ($\$5$ Million Cap)
  47. Former Tax Liability Limit (50%)
  48. Statute Section 2073 (Time Limitations)
  49. Apportionment Rules (Corporate)