Section 9-1105. TAX CREDITS TO QHTCS: WAGES PAID TO QUALIFIED DISADVANTAGED EMPLOYEES

 

1105.1A QHTC shall be allowed a credit against the tax imposed by D.C. Official Code § 47-1817.6 equal to fifty percent (50%) of the wages paid to a qualified disadvantaged employee, as defined in § 1199, during the first 24 calendar months of employment.

 

1105.2The credit claimed under this section shall be limited to fifteen thousand dollars ($15,000) in a taxable year for each qualified disadvantaged employee.

 

1105.3The credit shall not be allowed if:

 

(a) The employee is a key employee;

 

(b) The QHTC accords the qualified employee lesser benefits or rights than it accords other employees in similar jobs; or

 

(c) The qualified employee is employed as the result of:

 

(1) The displacement of another employee;

 

(2) A strike or lockout;

 

(3) A layoff in which other employees are awaiting recall; or

 

(4) A reduction of the regular wages, benefits, or rights of other employees in similar jobs.

 

1105.4If the amount of the credit allowable under this section exceeds the tax otherwise due from a QHTC, the unused amount of the credit shall not be carried forward after the tenth year following the first year the taxpayer files a return claiming QHTC status.

 

source

Final Rulemaking published at 49 DCR 2142 (March 8, 2002).