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94 chapters · 1,017 sections in this title.
D.C. Code § 31-5231 Definitions
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For the purpose of this chapter, the term: (1) “Affiliate” means: (A) Any person, directly or indirectly, beneficially owning (whether through rights, options, convertible interests, or otherwise), controlling, or holding power to vote 15% or more of the outstanding voting securi…
D.C. Code § 31-5232 Certification
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(a) The Commissioner shall begin accepting applications for certification as a Certified Capital Company not later than 150 days after March 10, 2004. An applicant for certification as a Certified Capital Company shall pay a nonrefundable application fee of $15,000 at the time of…
D.C. Code § 31-5233 Premium Tax Credit
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(a) Any Certified Investor who makes an investment of Certified Capital pursuant to an allocation of Premium Tax Credits under § 31-5234 shall, in the year of investment, earn a Premium Tax Credit in the amount of the Certified Investor’s investment of Certified Capital. (b) A Ce…
D.C. Code § 31-5234 Aggregate limitations on Premium Tax Credits; Premium Tax Credit Allocation Requests
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(a) The aggregate amount of Premium Tax Credits that shall be allowed for all Certified Investors under this chapter shall not exceed $50 million. No Certified Capital Company, on an aggregate basis with its Affiliates, shall file Premium Tax Credit Allocation Requests in excess …
