(a) A resident or nonresident individual is entitled to a credit against that individual's tax under this chapter in an amount equal to the credit that has been calculated by the Director of the Division of Small Business under Chapter 20D of this title. As provided by § 20D-106 of this title, the Division of Small Business shall notify the Director of the Division Revenue of any and all tax credit certifications.
(b) Notwithstanding § 329 of this title to the contrary, determinations by the Director of the Division of Small Business as to the qualification of any investment with respect to the Angel Investor Tax Credit under Chapter 20D of this title is not appealable to the Tax Appeal Board.
(c) If the credit allowable under this section exceeds the tax otherwise due under this chapter, such credit amounts in excess of the tax otherwise due under this chapter must be returned to the taxpayer in the form of a tax refund.
68 Del. Laws, c. 203, § 1; 69 Del. Laws, c. 458, § 1; 81 Del. Laws, c. 49, § 19; 81 Del. Laws, c. 244, § 2; 81 Del. Laws, c. 374, § 49.
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