2018 District of Columbia Code
Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 18 - Income and Franchise Taxes.
Subchapter XVII - Qualified High Technology Companies.
§ 47–1817.06. Tax on Qualified High Technology Companies.
(a)(1) Notwithstanding any other provision of this chapter, and in lieu of the tax on taxable income imposed by § 47-1807.02, subject to the credits applicable thereto, a tax on taxable income at a rate of 6% shall be imposed upon Qualified High Technology Companies which are corporations, except as provided for in paragraph (2) of this subsection.
(2)(A) A Qualified High Technology Company certified pursuant to § 47- 1805.05:
(i) Before January 1, 2012, shall not be subject to the tax imposed by this chapter for 5 years after the date that the Qualified High Technology Company commences business in the District; and
(ii) On or after January 1, 2012, shall not be subject to the tax imposed by this chapter for 5 years after the date that the Qualified High Technology Company has taxable income.
(B) The total amount that each Qualified High Technology Company may receive in exemptions under this paragraph shall not exceed $15 million.
(b) The transfer of ownership of a Qualified High Technology Company shall not affect eligibility under this section.
(c) The Mayor may issue regulations to carry out the provisions of this section.
(Apr. 3, 2001, D.C. Law 13-256, § 403(b), 48 DCR 730; Mar. 5, 2013, D.C. Law 19-211, § 2(d), 59 DCR 13281.)
Section ReferencesThis section is referenced in § 47-340.26, § 47-1817.02, § 47-1817.03, § 47-1817.04, § 47-1817.05, § 47-1818.02, § 47-1818.06, and § 47-4630.
Effect of AmendmentsThe 2013 amendment by D.C. Law 19-211 rewrote (a)(2).
