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INCENTIVE DESCRIPTION
| State: | DC |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | Other Tax Credits |
| Description: | NET 2000 FRANCHISE TAX REDUCTION - Zero franchise tax on unincorporated business, regardless of location. Also, five-year elimination of franchise tax on incorporated technology companies in High Technology Development Zones. Reduced franchise tax rate of 6% for all other incorporated tech companies outside of these zones. Also see Special Purpose Zone Incentives and Credits section. |
| Eligibility Requirements: | Must be a qualified high technology company with 2 or more employees; maintain an office, headquarters, or base operations in DC; and derive 51% or more of gross revenues from a high tech business as defined in New E-conomy Transformation Act of 2000 (D.C. Law 13-526). |
| Geographic Restrictions: | District-wide |
| Granting Authority: | District of Columbia |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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