D.C. Code § 2-218.31(Perm): Local business enterprises.

*NOTE: This codification is not the most current, due to recent law changes. To see the current law (including emergency and temporary legislation, if relevant) click this link: Current Version*

A business enterprise shall be eligible for certification as a local business enterprise if the business enterprise:

(1)

Has its principal office located physically in the District of Columbia;

(2)

Requires that its chief executive officer and the highest level managerial employees of the business enterprise perform their managerial functions in their principal office located in the District;

(2A)

Can demonstrate one of the following:

(A)

More than 50% of the employees of the business enterprise are residents of the District;

(B)

The owners of more than 50% of the business enterprise are residents of the District;

(C)

More than 50% of the assets of the business enterprise, excluding bank accounts, are located in the District; or

(D)

More than 50% of the business enterprise’s gross receipts are District gross receipts; and

(3)

Can demonstrate one of the following:

(A)

The business enterprise is licensed pursuant to Chapter 28 of Title [47];

(B)

The business enterprise is subject to the tax levied under Chapter [18] of Title 47; or

(C)

The business enterprise is a business enterprise identified in § 47-1808.01(1) through (5) and more than 50% of the business is owned by residents of the District.