Source: https://development.code.dccouncil.us/dc/council/code/titles/47/chapters/18/subchapters/VII/
Timestamp: 2019-02-23 09:13:15
Document Index: 137186083

Matched Legal Cases: ['§ 47', '§ 47', '§ 47', '§ 47', '§ 47', '§ 47', '§\u200247', '§ 1', '§ 302', '§ 2', '§ 2', '§\u200247', '§\u200247', '§ 6', '§ 47', '§ 2', '§ 301', '§ 2', '§ 3', '§\u200247', '§ 10', '§\u2002301', '§\u2002306', '§\u20022', '§ 47', '§ 1', '§\u2002301', '§\u2002301', '§ 9', '§ 10', '§ 302', '§\u200247', '§ 6', '§ 6', '§\u2002152', '§\u2002152', '§ 3', '§ 10', '§ 2', '§ 41', '§\u200247', '§ 6', '§ 6', '§ 4', '§ 5', '§ 10', '§ 2', '§\u200247', '§ 47', '§ 47', '§ 47', '§ 901', '§ 41', '§ 47', '§ 47', '§ 47', '§ 2', '§ 47', '§ 47', '§ 47', '§ 47', '§ 47', '§ 7072', '§ 7082', '§ 7072', '§ 7072', '§ 47', '§ 47', '§ 201', '§ 3', '§ 3', '§ 4', '§ 3', '§ 47', '§ 47', '§ 7252', '§ 5', '§ 5', '§ 5', '§ 2', '§ 7252', '§ 7252', '§ 4', '§ 101', '§ 301', '§ 101']

D.C. Law Library - Subchapter VII. Tax on Corporations and Financial Institutions.
§ 47–1807.03. Tax on corporations — Financial institutions included. [Repealed]
§ 47–1807.10. Tax on corporations — Credits — Alternative fuel infrastructure credit.
§ 47–1807.11. Tax on corporations — Credits — Alternative fuel vehicle conversion credit.
§ 47–1807.12. Tax on corporations and financial institutions — Credits — Tax credit for farm to food donations. [Repealed]
§ 47–1807.13. Wheelchair-accessible vehicle tax credit. [Not Funded]
§ 47–1807.14. Retailer property tax relief credit.
§ [47-1807.15]. Tax on corporations and financial institutions - Credits -Tax credit for food donations. [Not Funded]
(1) “Corporation” shall, for taxable years beginning after December 31, 1980, include financial institutions.
(2) “Taxable income” means the amount of net income derived from sources within the District within the meaning of §§ 47-1810.01 to 47-1810.03.
(3) “Taxable period” means a taxable year or a portion of a taxable year.
(July 16, 1947, 61 Stat. 345, ch. 258, art. I, title VII, § 1; Sept. 26, 1984, D.C. Law 5-113, § 302(a)(1), 31 DCR 3974; Oct. 1, 1987, D.C. Law 7-29, § 2(g)(1), 34 DCR 5097; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)
1981 Ed., § 47-1807.1.
1973 Ed., § 47-1571.
This section is referenced in § 6-1504 and § 47-1801.04.
(July 16, 1947, 61 Stat. 331, ch. 258, art. I, title VII, § 2a; as added Sept. 28, 1994, D.C. Law 10-188, § 301(a)(2), 41 DCR 5333; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575; Aug. 12, 1998, D.C. Law 12-142,§ 3(a), 45 DCR 4826.)
1981 Ed., § 47-1807.2a.
This section is referenced in § 10-1203.07.
Expiration of §§ 301, 302 and 303 of D.C. Law 10-188: For temporary amendment of D.C. Law 10-188, § 306(a), see § 2(b) of the Washington Convention Center Authority Act of 1994 Time Extension Emergency Act of 1996 (D.C. Act 11-509).
Audit of accounts and operation of Authority: Section 305(a) of D.C. Law 10-188 provided that “on or before July 1 of each year, the District of Columbia Auditor, pursuant to the Auditor’s duties under § 47-117(b) § 1-205.55(b), 2001 Ed., shall audit the accounts and operation of the Authority and make a specific finding of the sufficiency of the projected revenues from the taxes imposed pursuant to §§ 301, 302, 303, and 304 to meet the projected expenditures and reserve requirements of the Authority for the upcoming fiscal year.”
Section 305(b) of D.C. Law 10-188 provided that “if the audit conducted pursuant to subsection (a) of this section indicates that projected revenues from the taxes imposed pursuant to §§ 301, 302, 303, and 304 are insufficient to meet projected expenditures and reserve requirements of the Authority for the upcoming fiscal year, the Mayor shall impose a surtax, to become effective on or before October 1 of the upcoming year, on each of those taxes dedicated to the Authority excluding the tax on sales of restaurant meals and alcoholic beverages, in an amount equal to the pro rata share of the difference between (1) the sum of the projected expenditure and reserve requirements and (2) the projected revenues. The pro rata share shall be determined based on the pro rata estimated contribution of each tax to the total estimated tax revenue for the particular year as contained in the multiyear financial plan submitted pursuant to § 9-807(g) [§ 10-1202.06(g), 2001 Ed.].”
(Sept. 26, 1984, D.C. Law 5-113, § 302(a)(2), 31 DCR 3974.)
1981 Ed., § 47-1807.3.
(a) Except as provided in subsection (b) of this section, for taxable years beginning after December 31, 1988, any incorporated business approved as qualified pursuant to § 6-1504 shall be allowed a credit against the tax imposed by this chapter in an amount equal to 50% of the wages paid by the qualified incorporated business to an employee certified by the Mayor under § 6-1504(c), during the first 24 calendar months in which the employer employed the certified employee.
(1) To exceed, for any certified employee, a total of $7,500 in any 1 taxable year;
(2) Until the qualified incorporated business has employed the certified employee for at least 760 hours;
(3) For any calendar month in which the qualified incorporated business has not employed the certified employee for at least 90 hours;
(4) If the qualified incorporated business pays the certified employee less than the greater of the legal minimum wage or the wage the qualified incorporated business pays other employees in similar jobs;
(5) If the qualified incorporated business accords the certified employee lesser benefits or rights than it accords other employees in similar jobs;
(6) If the certified employee was employed as the result of the displacement, other than for cause, of another employee, or as the result of a strike or lockout, or a layoff in which other employees are awaiting recall, or a reduction of the regular wages, benefits, or rights of other employees in similar jobs;
(7) If the qualified incorporated business does not meet, with respect to the employment of the certified employee, all federal and District of Columbia laws and regulations, including those concerning health, safety, child labor, work/hour, and equal employment opportunity; or
(8) If the certified employee is a member of the board of directors of the qualified incorporated business, directly or indirectly owns a majority of its stock, or is related to a member of the board of directors or a majority stockholder as a spouse or domestic partner or as any relative listed in the definition of “dependent” in § 152 of the Internal Revenue Code of 1986 (26 U.S.C. § 152), without regard to source of income.
(c) Whenever a qualified incorporated business is prevented from claiming the credit for wages paid because the certified employee was not employed for the period of time required by subsection (b)(2) and (3) of this section, the credit for wages paid may be claimed against the tax for the immediately succeeding taxable period in which the period of employment satisfies the requirement of subsection (b)(2) of this section.
(d) If the amount of the credit allowable under this section exceeds the tax otherwise due from a qualified incorporated business, the amount of the credit not used as an offset against the tax may be carried forward or back for up to 5 years, except that no portion of the credit shall be:
(July 16, 1947, ch. 258, art. I, title VII, § 3; as added Oct. 20, 1988, D.C. Law 7-177, § 10(b), 35 DCR 6158; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575; Sept. 12, 2008, D.C. Law 17-231, § 41(j), 55 DCR 6758.)
1981 Ed., § 47-1807.4.
D.C. Law 17-231, in subsec. (b)(8), substituted “spouse or domestic partner” for “spouse”.
Economic development zones, available incentives, eligibility for corporate franchise tax credits, certified employees, see § 6-1504.
(a) For taxable years beginning after December 31, 1988, any qualified incorporated business under § 6-1504 having taxable income that includes rent charged to a licensed, non-profit child development center shall be allowed a credit against the tax imposed by this chapter in an amount equal to the amount by which the fair market value of the space leased to the licensed, nonprofit child development center exceeds the rent charged by the business to the licensed, non-profit child development center.
(1) “Fair market rental value” means:
(A) The average rent charged by the incorporated business to tenants in the same building, other than the licensed, nonprofit child development center, for comparable space; or
(B) When a licensed, nonprofit child development center is the sole lessee occupying space in the building, or when the building contains no space comparable to that occupied by the licensed, nonprofit child development center, an amount as determined by the Mayor with reference to the average rent charged to tenants for occupancy of comparable space in other buildings in the economic development zone.
(2) “Child development center” means a child development center as that term is defined in § 4-401(2).
(c) If the amount of the credit allowable under this section exceeds the tax otherwise due from a qualified incorporated business, the amount of the credit not used as an offset against the tax may be carried forward or back for up to 5 years, except that no portion of the credit shall be:
(July 16, 1947, ch. 258, art. I, title VII, § 5; as added Oct. 20, 1988, D.C. Law 7-177, § 10(b), 35 DCR 6158; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)
1981 Ed., § 47-1807.6.
(2) “Certified employer-assisted home purchase program” means a program:
(A) Through which an employer provides homeownership assistance to its employees;
(B) Which is provided uniformly to the employees of the employer; provided, that the employer may limit eligibility for the program by establishing a maximum income limit and may limit assistance to new homebuyers; and
(C) Which is certified by the Mayor.
(3) “Eligible employee” means an employee who:
(A) Has been employed by the employer for the prior 12 months;
(B) Is not self-employed;
(C) Is not a member of the board of directors of the employer;
(D) Does not own, directly or indirectly, a majority of the stock of the employer; and
(E) Has a household income equal to or less than 120% of the area median income.
(4) Employer“ means a natural person, corporation, partnership, limited liability company, or other entity that:
(A) Is subject to taxation under § 47-1807.02 or § 47-1808.03 or is exempt from taxation under § 47-1802.01; and
(B) Has one or more employees.
(5) “Homeownership assistance” means money provided to an eligible employee by an employer for the down payment or other acquisition costs for the purchase of the principal place of residence of the employee.
(6) “New homebuyer” means an employee (and, if married or in a domestic partnership, the employee’s spouse or domestic partner) who did not own a principal place of residence in the District during the previous 12 months.
(b)(1) For taxable years beginning after December 31, 2002, the amount of tax payable under this subchapter shall be reduced by a credit equal to 1/2 of the amount of the homeownership assistance provided by the employer to its eligible employees during the taxable year; provided, that:
(A) The reduction shall not exceed $2,500 for any one eligible employee who receives homeownership assistance;
(B) The assistance is provided through a certified employer-assisted home purchase program;
(C) The assistance is used for the purchase of a qualified residential real property; and
(D) The eligible employee is a new homebuyer.
(2) If the homeownership assistance consists of providing a loan and then discharging all or a portion of the loan upon completion of a required period of employment, the homeownership assistance shall be treated as provided at the time that the loan, or the portion of the loan, is discharged.
(3) To claim the credit allowed by this subsection, the employer shall attach to its tax return:
(A) A form certifying, for each person for whom the employer is claiming the credit under this section:
(i) The person is an eligible employee of the employer;
(ii) The employer provided homeownership assistance to the eligible employee under a certified employer-assisted home purchase program;
(iii) The amount of homeownership assistance provided to the eligible employee;
(iv) The eligible employee used the homeownership assistance to purchase qualified residential real property;
(v) The household size and household income of the eligible employee;
(vi) The address of the qualified residential real property; and
(vii) The eligible employee intends to reside in the qualified residential real property for at least 5 years; and
(B) A copy of the certification of the employer’s employer-assisted affordable homeownership assistance program under which the homeownership assistance was provided.
(Apr. 19, 2002, D.C. Law 14-114, § 901(b)(2), 49 DCR 1468; Sept. 12, 2008, D.C. Law 17-231, § 41(l), 55 DCR 6758.)
This section is referenced in § 47-1803.02 and § 47-1808.07.
D.C. Law 17-231, in subsec. (a)(6), substituted “(and, if married or in a domestic partnership, the employee’s spouse or domestic partner)” for “(and, if married, the employee’s spouse)”.
A job growth tax credit shall be allowed as provided in subchapter VII-A of this chapter [§ 47-1807.51 et seq.].
(July 27, 2010, D.C. Law 18-202, § 2(b), 57 DCR 4746.)
(a) Beginning with the taxable year after December 31, 2013, through the taxable year ending December 31, 2026, there shall be allowed against the tax imposed on an eligible applicant by § 47-1807.02 a credit in the amount of 50% of the equipment and labor costs directly attributable to the purchase and installation of alternative fuel storage and dispensing or charging equipment on a qualified alternative fuel vehicle refueling property.
(c) The credit claimed under this section in any one tax year may not exceed the taxpayer’s tax liability under § 47-1807.02 for that year.
(d) If the amount of the tax credit permitted under this section exceeds the tax otherwise due under § 47-1807.02, the amount of the credit not used may be carried forward for up to 2 tax years. The credit shall not be refundable.
(e) If the alternative fuel storage and dispensing equipment or charging equipment on a qualified alternative fuel vehicle refueling property is no longer used to dispense or sell alternative fuel to the public, any unused tax credit shall be forfeited and the taxpayer may not claim a tax credit for the portion of the tax year after the date on which the alternative fuel storage and dispensing equipment was no longer used to dispense or sell alternative fuel to the public.
(1) “Alternative fuel” shall have the same meaning as provided in § 47-1806.12(f)(1).
(2) “Eligible applicant” means a corporation that is the owner or lessee of a qualified alternative fuel vehicle refueling property.
(3) “Qualified alternative fuel vehicle refueling property” shall have the same meaning as provided in § 47-1806.12(f)(3).
(Feb. 26, 2015, D.C. Law 20-155, § 7072(c), 61 DCR 9990.)
For temporary (90 days) addition of this section, see § 7082(c) of the Fiscal Year 2015 Budget Support Emergency Act of 2014 (D.C. Act 20-377, July 14, 2014, 61 DCR 7598, 20 STAT 3696).
For temporary (90 days) addition of this section, see § 7072(c) of the Fiscal Year 2015 Budget Support Congressional Review Emergency Act of 2014 (D.C. Act 20-449, October 10, 2014, 61 DCR 10915, 20 STAT 4188).
For temporary (90 days) addition of this section, see § 7072(c) of the Fiscal Year 2015 Budget Support Second Congressional Review Emergency Act of 2014 (D.C. Act 20-566, January 9, 2015, 62 DCR 884, 21 STAT 541).
(a) Beginning with the taxable year after December 31, 2013, through the taxable year ending December 31, 2026, there shall be allowed against the tax imposed by § 47-1807.02 a credit in the amount of 50% of the equipment and labor costs directly attributable to the cost to convert a motor vehicle licensed in the District that operates on petroleum diesel or petroleum derived gasoline to a motor vehicle that operates on an alternative fuel, not to exceed $19,000 per vehicle.
(b) The credit claimed under this section in any one tax year may not exceed the taxpayer’s tax liability under § 47-1807.02 for that year. The credit shall not be refundable.
(Apr. 30, 2015, D.C. Law 20-248, § 201(c)(3), 62 DCR 1504; Apr. 7, 2017, D.C. Law 21-257, § 3(b)(3), 64 DCR 2049.)
(Apr. 7, 2017, D.C. Law 21-242, § 3(b), 64 DCR 1608.)
Applicability of D.C. Law 21-242: § 4 of D.C. Law 21-242 provided that the creation of this section by § 3(b) of D.C. Law 21-242 is subject to the inclusion of the law’s fiscal effect in an approved budget and financial plan. Therefore that amendment has not been implemented.
(1) "Qualified corporation" means a corporation that:
(A) Is engaged in the business of making sales at retail and files a sales tax return pursuant to Chapter 20 of this title reflecting those sales;
(B) Has less than $2,500,000 in federal gross receipts or sales; and
(B) The primary place of the retail business of the qualified corporation;
(C) Leased by the qualified corporation; and
(3) "Qualified retail owned location" means a building or part of a building in the District that during the taxable year is:
(A) The primary place of the retail business of the qualified corporation;
(B) Owned by the qualified corporation; and
(b) For taxable years beginning after December 31, 2017, a qualified corporation may claim a credit against the tax imposed by this chapter as follows:
(1) A tax credit equal to 10% of the total rent paid by the corporation for a qualified rental retail location during the taxable year not to exceed $5,000; or
(2) A tax credit equal to the total Class 2 real property taxes, pursuant to § 47-811, paid by the qualified corporation for a qualified retail owned location during the taxable year not to exceed the lesser of the real property tax paid during the taxable year or $5,000.
(c) The credit claimed under this section in any one taxable year may exceed the qualified corporation's tax liability, including any minimum tax due under § 47-1807.02(b), under this chapter for that taxable year and shall be refundable to the corporation claiming the credit.
(1) The qualified corporation receives any tax credits towards payment of the real property tax for the qualified rental retail location or qualified owned retail location; or
(Oct. 30, 2018, D.C. Law 22-168, § 7252(b), 65 DCR 9388; Feb. 22, 2019, D.C. Law 22-234, § 5(a), 66 DCR 219.)
For temporary (90 days) amendment of this section, see § 5(a) of Fiscal Year 2019 Budget Support Clarification Congressional Review Emergency Amendment Act of 2018 (D.C. Act 22-552, Dec. 31, 2018, 66 DCR 251).
For temporary (90 days) amendment of this section, see § 5(a) of Fiscal Year 2019 Budget Support Clarification Emergency Amendment Act of 2018 (D.C. Act 22-488, Oct. 22, 2018, 65 DCR12046).
For temporary (90 days) amendment of this section, see § 2(b)(1) of Fiscal Year 2019 Budget Support Clarification Emergency Amendment Act of 2018 (D.C. Act 22-488, Oct. 22, 2018, 65 DCR12046).
For temporary (90 days) creation of this section, see § 7252(b) of Fiscal Year 2019 Budget Support Congressional Review Emergency Act of 2018 (D.C. Act 22-458, Oct. 3, 2018, 65 DCR 11212).
For temporary (90 days) creation of this section, see § 7252(b) of Fiscal Year 2019 Budget Support Emergency Act of 2018 (D.C. Act 22-434, July 30, 2018, 65 DCR 8200).
For temporary (225 days) amendment of this section, see § 4(a) of Fiscal Year 2019 Budget Support Clarification Temporary Amendment Act of 2018 (D.C. Law 22-218, Feb. 22, 2019, 65 DCR 12977).
(Feb. 22, 2019, D.C. Law 22-212, § 101(c), 65 DCR 12927.)
Applicability of D.C. Law 22-212: § 301 of D.C. Law 22-212 provided that the creation of this section by § 101(c) of D.C. Law 22-212 is subject to the inclusion of the law’s fiscal effect in an approved budget and financial plan. Therefore that amendment has not been implemented.