9-11 - QUALIFIED HIGH TECHNOLOGY COMPANY

1100 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1101 BENEFIT APPLICATIONS FOR QUALIFIED HIGH TECHNOLOGY COMPANIES 1101.1 To claim a credit or other benefit, a Qualified High Technology Company shall be required each year to self-certify to obtain from the Deputy Chief Financial Officer a certificate of benefits. No tax exempti…

1102 TAX CREDIT TO QHTCS: EMPLOYMENT RELOCATION COSTS 1102.1 A QHTC shall be allowed a credit against the tax imposed by D.C. Official Code § 47-1817.6 for each dollar reimbursed to or paid on behalf of each qualified employee for relocation costs. The credit shall not exceed: (a…

1103 TAX CREDITS TO QHTCS: WAGES PAID TO QUALIFIED EMPLOYEES 1103.1 For tax years beginning after December 31, 2000 and ending on or before December 31, 2019, a QHTC shall be allowed a credit against the tax imposed by D.C. Official Code § 47-1817.6 equal to ten percent (10%) of …

1104 TAX CREDITS TO QHTCS: RETRAINING COSTS FOR QUALIFIED DISADVANTAGED EMPLOYEES 1104.1 For taxable years beginning after December 31, 2000, a QHTC shall be allowed a credit against taxes imposed by D.C. Official Code § 47-1817.6 for expenditures paid or incurred by a QHTC durin…

1105 TAX CREDITS TO QHTCS: WAGES PAID TO QUALIFIED DISADVANTAGED EMPLOYEES 1105.1 A QHTC shall be allowed a credit against the tax imposed by D.C. Official Code § 47-1817.6 equal to fifty percent (50%) of the wages paid to a qualified disadvantaged employee, as defined in § 1199,…

1106 TAX ON QUALIFIED HIGH TECHNOLOGY COMPANIES 1106.1 For tax years ending on or before December 31, 2019, in lieu of the tax on taxable income imposed by D.C. Official Code § 47-1807.2, subject to the credits applicable thereto, a tax on taxable income at a rate of six percent …

1107 ELECTION TO EXPENSE CERTAIN DEPRECIABLE BUSINESS ASSETS 1107.1 In the case of a QHTC there shall be allowed a deduction from gross income in computing net income equal to: (a) An amount that is the lesser of forty thousand dollars ($40,000) or the actual cost of property for…

1108 UNINCORPORATED BUSINESS FRANCHISE TAX EXEMPTION 1108.1 A QHTC that is not a corporation is exempt from the unincorporated business franchise tax. A QHTC that is not a corporation may claim a partial refund of its retraining costs as provided by D.C. Official Code § 47-1817 b…

1109 EXEMPTION FROM TAX OF CAPITAL GAINS ON QUALIFIED ASSETS 1109.1 Qualified capital gain from the sale or exchange of QHTC assets held for more than five (5) years are excluded from the computation of District gross income. 1109.2 The amount of qualified capital gain shall not …

1110 ROLLOVER OF CAPITAL GAIN FROM QUALIFIED STOCK TO OTHER QUALIFIED STOCK 1110.1 In the event of a sale of qualified stock held by a taxpayer other than a corporation for more than 6 months and with respect to which the taxpayer elects the application of this section, gain from…

1111 SALES AND USE TAX EXEMPTION FOR QHTCS 1111.1 Sales tax exemptions for sales by Qualified High Technology Companies under D.C. Official Code § 47-2001(n)(2)(G) are repealed effective October 1, 2019. 1111.2 Sales tax exemptions for sales to Qualified High Technology Companies…

1112 PERSONAL PROPERTY TAX INCENTIVES FOR QUITCS 1112.1 Qualified property purchased by a QHTC after December 31, 2000 shall be exempt from personal property tax for 10 years beginning in the year of purchase. 1112.2 If qualified property purchased by a QHTC after December 31, 20…

1113 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1114 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1115 REAL PROPERTY TAX ABATEMENT FOR CERTAIN COMMERICAL PROPERTIES 1115.1 For a real property owner, the real property tax attributable to the increase in the assessed value for (a) and/or (b), below, shall be abated for 5 years if the owner: (a) Constructs a new eligible buildin…

1116 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1117 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1118 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1119 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1120 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1121 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1122 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1123 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1124 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1125 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1126 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1127 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1128 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1129 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1130 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1131 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1132 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1133 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1134 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1135 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1136 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1137 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1138 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1139 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1140 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1141 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1142 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1143 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1144 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1145 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1146 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1147 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1148 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).

1149 (Reserved) SOURCE: Final Rulemaking published at 49 DCR 2142 (March 8, 2002).