The D.C. Council recently enacted legislation that will result in a number of D.C. taxpayers no longer qualifying for certain high technology tax incentives. On October 10, 2014, the Council narrowed the definition of “Qualified High Technology Company” (QHTC) with an amendment to the District’s Fiscal Year 2015 Budget Support Congressional Review Emergency Act of 2014 (20-449). The amendment, which is expected to be made permanent by Congress, says that a company must lease or own an office in the district to qualify.
Under the old QHTC definition, a company could qualify for the incentives by either maintaining an …read more
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