INCENTIVE DESCRIPTION

State: DC
Incentive Type: Special Purpose Zone Incentives and Credits
Incentive Title: Enterprise Zone Credits
Description: 1) ENTERPRISE ZONE CREDITS - Annual federal employment tax credit of up to $3000 for each D.C. employee. Exemptions from federal capital gains taxes. Increased federal expensing allowance. Access to tax-exempt financing. 2) ENTERPRISE ZONE EMPLOYMENT TAX CREDIT - Annual federal employment tax credit for 20% of wages paid to DC resident employees (up to $3000 credit per employee).
Eligibility Requirements: 1) Business location within a federally designated enterprise zone. 50% of business income must be earned in the enterprise zone. Substantial portion of business property, services and workers within the enterprise zone. Incentives available through December 2003, but may be claimed retroactively. 2) Business must have primary location in one of the federally designated enterprise zones and must meet definition of a qualified enterprise zone business.
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.