CIT-HIC: Holding/Investment Company Information Return (Revision)
Delaware · Delaware Division of Revenue · Used for tax years 2024
Form CIT-HIC is Delaware’s Holding/Investment Company Information Return. It reports a corporation’s employees, certain stock owners, income sources and business activities, including activities that may indicate whether it is exempt from Delaware corporate tax under Section 1902
What you'll need
Have the following information ready to complete the 2024 return:
- Corporation name, taxpayer ID, Delaware street address, and mailing address if different.
- Date and state of incorporation, plus the fiscal-year beginning and ending dates.
- Names and taxpayer IDs (SSNs) of compensated employees working in Delaware, excluding directors, and their full-time or part-time status.
- Names and taxpayer IDs (FEINs or SSNs) of owners holding more than 10% of the corporation’s stock whose Delaware individual or corporate income tax liability exceeded $100,000 in any of the past three years.
- Information about income sources, services provided in Delaware, and business activities outside Delaware, including the descriptions requested in Parts II through IV.
- The signing officer’s title, email address, and phone number.
How to file
Complete the corporation and tax-year information, then answer the questions in Parts I through IV. Check the applicable boxes and provide the requested descriptions.
Have an officer sign and date the return. Include the officer’s title, email address, and phone number. Keep a copy for your records.
Mail the completed form to:
Delaware Division of Revenue
PO Box 2044
Wilmington, DE 19899-2044
Common mistakes
- Including directors in the employee list. Part I says not to include directors when listing compensated employees working in Delaware.
- Leaving out requested descriptions. Provide brief descriptions for checked items where requested. For Part III, Question 1, describe the activity performed in Delaware for each checked income source where income received exceeds $1 million.
- Overlooking the non-exempt activity warning. The form says checking any of the listed activities in Part II indicates that the corporation is not exempt from Delaware corporate tax under Section 1902(b)(8).
- Forgetting the signature or your copy. The form reminds you to sign the return and keep a copy for your records.
Questions people ask
What was Form CIT-HIC formerly called?
The form identifies its former name as 1902(b).
Which rental income is listed under non-exempt activities?
Part II lists rental income from real property and tangible personal property located within Delaware. The form says checking these items indicates that the corporation is not exempt under Section 1902(b)(8).
What income sources are listed under exempt activities?
Part III lists interest on notes secured by real estate mortgages; interest on other debt obligations; dividends; income from patents, patent applications, trademarks, trade names, and know-how; gains on sales of intangible investments; and rental income from real or tangible personal property outside Delaware. Checking these sources indicates exemption under Section 1902(b)(8).
What if the corporation has another source of income?
Part IV asks whether the corporation has income sources not described in Parts II and III. If yes, describe the source and the Delaware activity related to it.