District of Columbia Statutes
§ 31-5233 — Premium Tax Credit.
(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 Certified Investor may claim an amount not to exceed 25% of the Premium Tax Credits per year (“Annual Amount”) against its District Premium Tax Liability, beginning with the premium tax filing for calendar year 2009. The Annual Amount shall not exceed the District Premium Tax Liability of the Certified Investor for the taxable year. All unused Premium Tax Credits may be carried forward indefinitely until they are utilized.
(1)A Certified Investor may use up to 1/2 of its Annual Amount to offset its required June
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Legislative History
Mar. 10, 2004, D.C. Law 15-87, § 4, 50 DCR 10982; Apr. 13, 2005, D.C. Law 15-354, § 49(b), 52 DCR 2638
Nearby Sections
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§ 31-1001
Report requirement.§ 31-1004
Confidentiality.§ 31-101
Definitions.§ 31-103
Functions and duties.§ 31-105
Transfers.§ 31-106
Organization.§ 31-106.01
Student Loan Ombudsman.§ 31-106.02a
Prohibited conduct – student loan servicers.§ 31-106.02b
Affirmative duties – student loan servicers.§ 31-106.02c
Prohibited acts – private education lenders.