D.C. Code § 47-1807.53

Current through codified legislation effective September 18, 2024

Section 47-1807.53 - Job growth tax credit eligibility

The Mayor shall approve any job growth tax credits allowed by § 47-1807.52 if, during a credit period, a project shall:

(1) Bring a net job growth of at least 10 new jobs to the District of Columbia with an average yearly wage of at least 120% of the average yearly wage of residents of the District of Columbia;

(2) Increase income tax and payroll revenue for the District of Columbia;

(3) Result in the retention of any new positions proposed by the project for at least one year; and

(4) Be approved by the Mayor only if the project would not occur but for the job growth tax credit.

D.C. Code § 47-1807.53

July 27, 2010, D.C. Law 18-202, § 2(c), 57 DCR 4746.