Source: https://development.code.dccouncil.us/dc/council/code/sections/47-1817.02.html
Timestamp: 2019-04-21 06:39:50+00:00

Document:
D.C. Law Library - § 47–1817.02. Tax credit for Qualified High Technology Company employment relocation costs; exceptions.
↪ Subchapter XVII. Qualified High Technology Companies.
↪ § 47–1817.02. Tax credit for Qualified High Technology Company employment relocation costs; exceptions.
§ 47–1817.01a. Alternative method to determine a Qualified High Technology Company status.
§ 47–1817.03. Tax credit to Qualified High Technology Companies for wages to qualified employees; exceptions.
§ 47–1817.02. Tax credit for Qualified High Technology Company employment relocation costs; exceptions.
(2) To assist the employee in financing the purchase of a residence, or the required security deposit or lease payments for the first 12 months of a lease for a residence under a lease of at least one year, which purchase or lease is entered into after December 31, 2000.
(B) $7,500 against the tax imposed by § 47-1817.06 for the relocation costs for each qualified employee relocated to the District from a location outside the District, which employee also relocates his or her principal residence into the District.
(2) The credit may be claimed for costs incurred after December 31, 2000, in connection with qualified employees relocated to the District after that date.
(B) $1,000,000 for the credit allowed under subsection (b)(1)(B) of this section.
(E) If the Qualified High Technology Company has claimed a deduction for the relocation costs.
(d) If the amount of the credit allowable under this section exceeds the tax otherwise due from a Qualified High Technology Company, the unused amount of the credit may be carried forward for 10 years.
D.C. Law 17-231, in subsec. (c)(2)(D), substituted “spouse, domestic partner,” for “spouse”.

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