Source: https://development.code.dccouncil.us/dc/council/code/sections/47-4602.html
Timestamp: 2019-04-18 22:49:27
Document Index: 574144269

Matched Legal Cases: ['§ 47', '§ 47', '§ 47', '§ 47', '§ 47', '§\u2002152', '§\u200216']

D.C. Law Library - § 47–4602. Tax credit to CareFirst for wages to qualified employees; sales tax exemption for construction.
↪ § 47–4602. Tax credit to CareFirst for wages to qualified employees; sales tax exemption for construction.
§ 47–4601. Lincoln Square Theater sales and use tax exemption.
§ 47–4603. Jenkins Row development project — Tax exemptions.
§ 47–4602. Tax credit to CareFirst for wages to qualified employees; sales tax exemption for construction.
(1) “CareFirst” means CareFirst, Inc., a Maryland non-stock corporation, which is the sole member of Blue Cross Blue Shield of the National Capital Area and licensed to do business in the District as Group Hospitalization and Medical Services, Inc.
(2) “CareFirst Project” means the acquisition, construction, installing, and equipping of an office complex located at 840 First Street, N.E., and designated as square 675, lot 848 (Record lot 297), consisting of:
(3) “Qualified employee” means an individual subject to the District’s personal income tax who is not currently employed in a facility owned or operated by CareFirst and is hired to fill a position of indefinite duration consisting of a minimum of 35 hours per week for not less than 50 weeks per year, which position is created by CareFirst.
(4) “Tax year” means any calendar year or portion of a calendar year in which District income taxes are due and payable.
(iii) The date of the filing of a petition in bankruptcy in connection with CareFirst’s business.
(iii) Is related to a member of the board of directors or owner of 5% or more of its stock as a spouse or as a relative who is a dependent as defined in section 152 of the Internal Revenue Code of 1986, approved August 16, 1954 (68A Stat. 43; 26 U.S.C. § 152), without regard to income.
(6) The credit shall be claimed by attaching a worksheet and affidavit to the taxpayer’s annual return. The affidavit shall set forth the basis for and the amount of the credit claimed and the amount of the credit allowed for each preceding year that the credit was claimed and shall be signed under penalty of perjury. The affidavit shall be in the following form:
“After reasonable investigation, the undersigned has determined that CareFirst:
“(1) Has met and intends to continue to meet the requirements applicable to its receipt of tax benefits of the type and in the amount requested;
“(2) Is in compliance with terms of all public benefit agreements entered into with the District, including, but not limited to, the First Source Employment Agreement with the District of Columbia Department of Employment Services and the Memorandum of Understanding with the District of Columbia Office of Local Business Development;
“(3) Is not now receiving and does not now have pending any other application for abatement of real property tax liability or an allowance of tax credits in connection with a single property, qualified employee, or financial contribution made pursuant to any other provision of District law;
“(4) Is not delinquent in the payment of taxes, fees, or other indebtedness to the District; and
“(5) Is not in violation of the applicable laws and regulations of the District.”.
(c) Gross receipts from the sales of tangible personal property to be incorporated or consumed in the course of construction of the CareFirst Project shall be exempt from the tax imposed by Chapter 20 of this title. The amount of all taxes, fees, and deposits exempted, abated, or waived under this subsection shall not exceed $2 million.
D.C. Law 16-191 substituted “of this title” for “[of this title]” following “Chapter 20”; and validated a previously made technical correction in the section heading.
For temporary (90 day) amendment of section, see § 16 of Finance and Revenue Technical Amendments Second Emergency Amendment Act of 2006 (D.C. Act 16-585, December 28, 2006, 54 DCR 340).