District of Columbia § 47-1817.03 Tax credit to Qualified High Technology Companies for wages to qualified employees; exceptions.

District of Columbia Statutes

§ 47-1817.03 — Tax credit to Qualified High Technology Companies for wages to qualified employees; exceptions.

District of Columbia § 47-1817.03

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

Ch. 18Income and Franchise Taxes.

Subch. XVIIQualified High Technology Companies.

This text of District of Columbia § 47-1817.03 (Tax credit to Qualified High Technology Companies for wages to qualified employees; exceptions.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 47-1817.03 (2026).

Text

(a)Except as provided in subsection (b) of this section, for taxable years beginning after December 31, 2000, and ending on December 31, 2019, a Qualified High Technology Company shall be allowed a credit against the tax imposed by § 47-1807.02 equal to 10% of the wages paid during the first 24 calendar months of employment to a qualified employee hired after December 31, 2000. (a-1) Except as provided in subsection (b) of this section, for taxable years beginning after December 31, 2019, a Qualified High Technology Company shall be allowed a credit against the tax imposed by § 47-1807.02 equal to 5% of the wages paid during the first 24 calendar months of employment to a qualified employee hired after December 31, 2017.

(b)The credit under subsections (a) and (a-1) of this section sha

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Except as provided in subsection (b) of this section, for taxable years beginning after December 31, 2000, and ending on December 31, 2019, a Qualified High Technology Company shall be allowed a credit against the tax imposed by § 47-1807.02 equal to 10% of the wages paid during the first 24 calendar months of employment to a qualified employee hired after December 31, 2000.

(a-1) Except as provided in subsection (b) of this section, for taxable years beginning after December 31, 2019, a Qualified High Technology Company shall be allowed a credit against the tax imposed by § 47-1807.02 equal to 5% of the wages paid during the first 24 calendar months of employment to a qualified employee hired after December 31, 2017.

(b) The credit under subsections (a) and (a-1) of this section shall not be allowed:

(1) To exceed, for each qualified employee:

(A) $5,000 in a taxable year for the credit under subsection (a) of this section.

(B) $3,000 in a taxable year for the credit under subsection (a-1) of this section.

(2) If the Qualified High Technology Company accords the qualified employee lesser benefits or rights than it accords other employees in similar jobs;

(3) If the qualified employee was employed as the result of:

(A) The displacement, other than for cause, of another employee;

(B) A strike or lockout;

(C) A layoff in which other employees are awaiting recall; or

(D) A reduction of the regular wages, benefits, or rights of other employees in similar jobs; or

(4) If the qualified employee is a member of the board of directors of the Qualified High Technology Company or, directly or indirectly, owns a majority of its stock.

(c) A credit allowable under this section may be carried forward for 10 years if:

(1) The amount of the credit allowable under this section exceeds the tax otherwise due from a Qualified High Technology Company; and

(2) The amount of the credit allowable under this section was obtained for wages of a qualified employee hired before October 1, 2019.