first_imgCCH Tax Day ReportLegislation has been enacted that broadens the definition of a “brownfield” for purposes of qualifying for corporate income tax credits under Delaware’s Brownfield Development Program. A “brownfield means” real property, the expansion, redevelopment, or reuse of which may be hindered by the reasonably held belief that the real property may be environmentally contaminated. The definition was previously limited to any vacant, abandoned or underutilized real property the development or redevelopment of which may be hindered by the reasonably held belief that the real property may be environmentally contaminated. The brownfield development credit is $650 for each qualified employee hired plus $650 for each $100,000 invested at the brownfield site, including all amounts spent by the taxpayer for environmental investigation and remediation. If the brownfield site is located in a targeted area, the credit is $900 for each qualified employee hired and $900 for each $100,000 invested in the brownfield site.Ch. 359 (S.B. 236), Laws 2016, effective August 3, 2016last_img