- (1) For purposes of this section, the term "qualified disadvantaged employee" means a District resident who:
- Is a recipient of Temporary Assistance for Needy Families ("TANF");
- Was a recipient of TANF in the period immediately proceeding employment;
- Was released from incarceration within 24 months before the date of employment by a Qualified High Technology Company; or
- Is an employee hired, or relocated to the District, after December 31, 2000 and for which a Qualified High Technology company also is eligible to claim the Welfare to Work Tax Credit or the Work Opportunity Tax Credit under the Internal Revenue Code of 1986.
- The term "qualified disadvantaged employee" shall not mean or include:
- A temporary or seasonal employee; or
- An employee who was employed as the result of:
- The displacement, other than for cause of another employee;
- A strike or lockout;
- 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.
- For taxable years beginning after December 31, 2000, a Qualified High Technology Company shall be allowed a credit against taxes imposed by § 47- 1817.06 for expenditures paid or incurred during the taxable year for retraining of a qualified disadvantaged employee.
- Qualified disadvantaged employee retraining expenditures which are eligible for the tax credit are:
- Tuition, costs, or fees for credit or noncredit courses leading to academic degrees or certification of professional, technical, or administrative skills taken at District-based accredited colleges or universities or the cost for formal enrollment in training programs offered by nonprofit training providers (including community or faith-based organizations certified for the provision of training or job-readiness preparation at skill levels suitable for immediate performance of entry-level jobs), in demand among technology companies in general, and information and telecommunications companies in particular. Eligible training programs, other than those at District-based accredited colleges or universities, shall be pre-qualified for participation under this section by the Department of Employment Services; and
- Worker retraining programs undertaken through an apprenticeship agreement approved by the District of Columbia Apprenticeship Council.
- The credit claimed under this section shall be limited to $20,000 for each qualified disadvantaged employee during the first 18 months of employment.
- If the amount of the credit allowable under this section exceeds the tax otherwise due from a Qualified High Technology Company, the unused amount of the credit may be:
- Carried forward for 10 years; or
- Taken as a refundable credit in an amount up to 50% of the credit.
Historical and Statutory
Effect of Amendments
D.C. Law 14-42, in subsec. (a)(1), deleted the second subparagraph (B) which had read as follows:
"(B) An employee who was employed as the result of:
"(i) The displacement, other than for cause, of another employee;
"(ii) A strike or lockout;
"(iii) A layoff in which other employees are awaiting recall; or
"(iv) A reduction of the regular wages, benefits, or rights of other employees in similar jobs."
Emergency Act Amendments
For temporary (90 day) amendment of section, see § 10(i) of Technical Amendments Emergency Act of 2001 (D.C. Act 14-108, August 3, 2001, 48 DCR 7622).
Legislative History of Laws
For Law 13-256, see notes following § 47-1817.01.
For Law 14-42, see notes following § 47-1361.
DC CODE § 47-1817.04
Current through December 11, 2012
(Apr. 3, 2001, D.C. Law 13-256, § 203(b), 48 DCR 730; Oct. 26, 2001, D.C. Law 14-42, § 10(i), 48 DCR 7612.)