District of Columbia § 47-1807.53 Job growth tax credit eligibility.

District of Columbia Statutes

§ 47-1807.53 — Job growth tax credit eligibility.

District of Columbia § 47-1807.53

Title 47Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]

Ch. 18Income and Franchise Taxes.

Subch. VII-AJob Growth Tax Credit.

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Bluebook

D.C. Code § 47-1807.53 (2026).

Text

The Mayor shall approve any job growth tax credits allowed by § 47-1807.52 if, during a credit period, a project shall:

(1)Bring a net job growth of at least 10 new jobs to the District of Columbia with an average yearly wage of at least 120% of the average yearly wage of residents of the District of Columbia;

(2)Increase income tax and payroll revenue for the District of Columbia;

(3)Result in the retention of any new positions proposed by the project for at least one year; and

(4)Be approved by the Mayor only if the project would not occur but for the job growth tax credit.

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The Mayor shall approve any job growth tax credits allowed by § 47-1807.52 if, during a credit period, a project shall:

(1) Bring a net job growth of at least 10 new jobs to the District of Columbia with an average yearly wage of at least 120% of the average yearly wage of residents of the District of Columbia;

(2) Increase income tax and payroll revenue for the District of Columbia;

(3) Result in the retention of any new positions proposed by the project for at least one year; and

(4) Be approved by the Mayor only if the project would not occur but for the job growth tax credit.