| State: |
DC |
| Incentive Type: |
Special Purpose Zone Incentives and Credits |
| Incentive Title: |
Other Tax Incentives/Credits |
| Description: |
1) SUPERMARKET SALES TAX EXEMPTIONS - Exempts a qualified supermarket from sales taxes on the purchase of building materials and equipment for construction or substantial rehabilitation.
2) SUPERMARKET PROPERTY TAX EXEMPTIONS - Exempts a qualified supermarket from the payment of personal property taxes and real property taxes for 10 years.
3) NET 2000 FRANCHISE TAX REDUCTION - Five-year elimination of franchise tax on incorporated technology companies in High Technology Development Zones. |
| Eligibility Requirements: |
1) and 2) Must be in a priority development area.
3) 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 |
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