DE SB91

Reduces the location benefit tax liability for banks by establishing a tiered structure: $1,600,000 base plus 0.012% on assets up to $5 billion, 0.008% on assets between $5-$20 billion, and 0.004% on assets between $20-$90 billion.

Creates a $1,250 per-employee tax credit for banking organizations that hire at least 200 new qualified employees above their 2011 baseline, available for tax years 2012-2021.

Requires new employees to be employed full-time in Delaware, provided health care benefits, and continuously employed for at least 6 months to qualify for the credit.

Establishes a minimum $15,000 new investment requirement per qualified employee in tangible property, land, and equipment placed in service in Delaware after December 2011.

Effective January 1, 2012 for tax years beginning after December 31, 2011, with the employment tax credit provisions expiring after December 31, 2021.