The Mayor shall approve any job growth tax credits allowed by § 47-1807. 52 if, during a credit period, a project shall:
- 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;
- Increase income tax and payroll revenue for the District of Columbia;
- Result in the retention of any new positions proposed by the project for at least one year; and
- 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
(July 27, 2010, D.C. Law 18-202, § 2(c), 57 DCR 4746.)