INCENTIVES

No Sales Tax At All!

The State of Delaware has adopted a clear, bipartisan policy to attract new business and encourage the expansion of existing operations. Key tax features, from which film makers or production companies may benefit, include:

• No State or local general sales tax.
• No personal property or inventory taxes.
• Real property taxes are among the lowest in the country.
• Corporate income tax credits and reduction of gross receipts taxes for new and expanded businesses.
• Additional tax credits on corporate income and reduction of gross receipt taxes for new and expanding businesses locating in 30 targeted census tracts.
• Property tax relief for new construction and improvements of existing property.
• The exemption of certain investment and holding companies from corporate income tax.
• The adherence of the State tax structure to the federal definition of corporate net income so that companies may take full advantage of any federal tax law change, such as more rapid depreciation of newly purchased assets.

For more information about tax and tax incentives, please contact us directly or refer to the following URL address: /