DE HB181

Creates a 4% tax credit for telegraph and telephone companies based on their Delaware communications infrastructure investment costs, including wired or wireless communications equipment placed in service in the state during the preceding calendar year

Limits the credit so that only one taxpayer among affiliated companies can claim credit for each infrastructure investment, and no taxpayer can claim more than their total tax liability

Prohibits the tax credit from being treated as an "unforeseen change" in service provider costs that could affect telecommunications rate adjustments under Delaware law

Repeals Chapter 41 of Title 30 (tax on telephone lines and transmitters) entirely, effective January 1, 2014

Establishes staggered effective dates: tax credit applies to taxes payable on or after June 15, 2012; repeal takes effect January 1, 2014; telecommunications rate provision takes effect immediately