D.C. Mun. Regs. tit. 10, r. 10-B6502

Current through Register Vol. 71, No. 44, November 1, 2024

Rule 10-B6502 - APPLICATION FOR TAX INCENTIVES FOR BUSINESSES

6502.1

To apply for a credit against the corporate franchise tax, or the unincorporated business franchise tax, the owner of the business shall submit to the Development Zone Administrator the following supporting information:

(a) The location of the business, including street address, lot and square, identification of zone;

(b) A copy of the First Source Agreement;

(c) The business or tax identification number;

(d) A certified copy of District Income Tax Returns (D-20 or D-30) for the last two (2) years;

(e) An identification of each franchise tax credit sought:

(1) Year; and

(2) Amount;

(f) Employment information (number of employees, DOES vouchers certification of employees, income, residency);

(g) Evidence of the workmen's compensation premiums paid;

(h) Evidence of the nonprofit status of child development center;

(i) Copy of the lease to a nonprofit child development center;

(j) Evidence of actual rent paid by child development center;

(k) Form FR-500;

(l) Certificate of occupancy;

(m) Certificate of good standing;

(n) A copy of a valid license to operate a child development center at subject location; or

(o) Other relevant documents as requested by the Development Zone Administrator.

6502.2

The maximum amount of a credit shall be equal to the sum of the following:

(a) Fifty percent (50%) of the wages of all certified employees subject to the provisions of §§ 3(b), (c), and (d) of the District of Columbia Income and Franchise Tax Act of 1947, D.C. Code § 46-1807.4;

(b) Fifty percent (50%) of the workmen's compensation liability insurance premiums attributable to all certified employees subject of the provisions of §§ 4(b) and (c) of the District of Columbia Income and Franchise Tax Act of 1947, D.C. Code § 47-1807.5; and

(c) The difference between the rental market value of the space actually leased to a licensed nonprofit child development center and the actual rent paid subject to the provisions of § 5(c) of the District of Columbia Income Franchise Tax Act of 1947, D.C. Code § 47-1807.6.

D.C. Mun. Regs. tit. 10, r. 10-B6502

Final Rulemaking published at 40 DCR 8626 , 8628 (December 17, 1993)