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The DC Code: § 47-1807.53 Job growth tax credit eligibility.

Index47 Taxation, Licensing, Permits, Assessments, and Fees. (Refs & Annos)

The Mayor shall approve any job growth tax credits allowed by § 47-1807. 52 if, during a credit period, a project shall:

1
Bring a net job growth of at least 10 new jobs to the District of Columbia with an average yearly wage of at least 120% of the average yearly wage of residents of the District of Columbia;
2
Increase income tax and payroll revenue for the District of Columbia;
3
Result in the retention of any new positions proposed by the project for at least one year; and
4
Be approved by the Mayor only if the project would not occur but for the job growth tax credit.

Historical and Statutory

Legislative History of Laws For Law 18-202, see notes following § 47-1807.51. DC CODE § 47-1807.53 Current through December 11, 2012

Credits

(July 27, 2010, D.C. Law 18-202, § 2(c), 57 DCR 4746.)