{"data":{"id":"us-dc/d.c.-code-47-1817.03","jurisdiction":"us-dc","citation":"D.C. Code § 47-1817.03","heading":"Tax credit to Qualified High Technology Companies for wages to qualified employees; exceptions.","body":"(a)\nExcept as provided in subsection (b) of this section, for taxable years beginning after December 31, 2000, and ending on December 31, 2019, a Qualified High Technology Company shall be allowed a credit against the tax imposed by § 47-1807.02 equal to 10% of the wages paid during the first 24 calendar months of employment to a qualified employee hired after December 31, 2000.\n\n(a-1)\nExcept as provided in subsection (b) of this section, for taxable years beginning after December 31, 2019, a Qualified High Technology Company shall be allowed a credit against the tax imposed by § 47-1807.02 equal to 5% of the wages paid during the first 24 calendar months of employment to a qualified employee hired after December 31, 2017.\n\n(b)\nThe credit under subsections (a) and (a-1) of this section shall not be allowed:\n(1)\nTo exceed, for each qualified employee:\n(A)\n$5,000 in a taxable year for the credit under subsection (a) of this section.\n(B)\n$3,000 in a taxable year for the credit under subsection (a-1) of this section.\n(2)\nIf the Qualified High Technology Company accords the qualified employee lesser benefits or rights than it accords other employees in similar jobs;\n(3)\nIf the qualified employee was employed as the result of:\n(A)\nThe displacement, other than for cause, of another employee;\n(B)\nA strike or lockout;\n(C)\nA layoff in which other employees are awaiting recall; or\n(D)\nA reduction of the regular wages, benefits, or rights of other employees in similar jobs; or\n(4)\nIf the qualified employee is a member of the board of directors of the Qualified High Technology Company or, directly or indirectly, owns a majority of its stock.\n\n(c)\nA credit allowable under this section may be carried forward for 10 years if:\n(1)\nThe amount of the credit allowable under this section exceeds the tax otherwise due from a Qualified High Technology Company; and\n(2)\nThe amount of the credit allowable under this section was obtained for wages of a qualified employee hired before October 1, 2019.","path":["Title 47. Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]","Chapter 18. Income and Franchise Taxes.","Subchapter XVII. Qualified High Technology Companies."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/47-1817.03","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"2daeb83f8308c54c21d56cd1a713c36ebcb45b7856a02309755037c455856da2","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-47-1817.02","next":"us-dc/d.c.-code-47-1817.04"},"notice":"GroundRules: Original legal text. Not legal advice."}