DE SB1

Eliminates the "resulting branch imputed capital addback" provision from Delaware's bank franchise tax for out-of-state banks operating branches in the state.

Removes related provisions from §1101 and §1104 of Title 5 that calculated and applied the imputed capital addback to taxable income.

Makes the deletion effective for tax years beginning after December 31, 2012, while allowing the provision to continue for tax years ending before January 1, 2013.

Eliminates a provision that required resulting branches to calculate estimated tax liability using the prior year's imputed capital addback amount.

Aims to reduce administrative burden and remove a disincentive for out-of-state banks to establish or maintain branches in Delaware.