Form D-20cr - Qhtc Corporate Business Tax Credits printable pdf download

OFFICIAL USE:

D-20CR 20____

Government of the District of Columbia

QHTC Corporate Business Tax Credits

Ofﬁ ce of Tax and Revenue

(File With Form D-20)

Initial year of

Tax Return Year Beginning _____________ , 20 ____ and ending ___________________ , 20 _____

certiﬁ cation as QHTC

BUSINESS NAME AS SHOWN ON TAX RETURN FORM D-20: ___________________________________

FEDERAL EMPLOYER IDENTIFICATION NUMBER: ____________________________________________

A. Cumulative QHTC Corporate Franchise Tax Credits

(Total amount of QHTC Franchise

Amounts = $

Tax Credits from 12/31/2000 to date) ( If this is $15M or greater, use lines 2b and 4b in computing your credit)

B. Number of TYBA* 12/31/2011 that you ﬁ rst had taxable income since you certiﬁ ed as a QHTC

Years =

(If this is more than 5 years use lines 2b and 4b in computing your credit)

PART A — REDUCTION IN DC CORPORATE FRANCHISE TAX FOR A

QUALIFIED HIGH TECHNOLOGY COMPANY (QHTC)

1. Total District of Columbia Taxable income

(line 36 of Form D-20) .......................................................................

2a. Regular District Corporate Franchise Tax

(multiply line 1 amt. by .09975.) See instructions

2b. Reduced Tax - used after the earlier of ﬁ ve taxable years or $15 M limit is met

(multiply line 1 amt.

by .06000) ...............................................................................................................................................................

3. Minimum Tax.

(The minimum tax is $250 if DC Gross Receipts are $1M or less. If DC gross receipts are greater than

1 million, the minimum tax is $1,000. See instructions to D-20). ..................................................................................

4a. If you are entitled to a 0% tax rate complete this line. Amount of tax credit

(if Line 3 is greater than line 2a, enter 0 here and on line 6. Otherwise your credit is 2a minus line 3 enter the result here

and skip to line 5. .....................................................................................................................................................

4b. If you are entitled to a 6% tax rate complete this line. Amount of tax credit

(if Line 3 is greater than line 2b,

enter 0 line 5. Otherwise your credit is .03975 times the amount on line 1 minus amount on line 3. Enter the result here

and on line 6 ............................................................................................................................................................

5. If line 4a is completed, add line 4a entry to Line A. above and enter here. If this amount is greater

than $15M.

See instructions ...................................................................................................................................

6. Allowable Corporate Franchise tax Credit.

See instructions ...............................................................................

PART B — TAX CREDIT FOR THE COSTS OF RETRAINING QUALIFIED DISADVANTAGED

EMPLOYEES DURING THE FIRST 18 MONTHS OF THEIR EMPLOYMENT

1. Number of employees eligible, ﬁ rst 12 months.

2. Total expenditures for retraining Qualiﬁ ed Disadvantaged Employees paid or incurred during this period.

3. Amount of Retraining Costs Tax Credit .................................................................................................

(Limited to $20,000 per employee for retraining costs incurred during the ﬁ rst 18 months of

employment beginning after December 31, 2000.)

PART C — TAX CREDIT FOR 50% OF WAGES PAID TO QUALIFIED DISADVANTAGED EMPLOYEES

DURING THE FIRST 24 MONTHS OF EMPLOYMENT

1. Employees eligible in First year

2. Months in First year

3. Total Wages paid during tax year 20__ to Qualiﬁ ed Disadvantaged Employees ........................................

4 Tax credit (50% of line 3) ....................................................................................................................

The credit is 50% of qualiﬁ ed disadvantaged employee wages paid during the ﬁ rst 24 months of

employment beginning after December 31, 2000, not to exceed $15,000 per employee per year.

PART D — TAX CREDIT FOR RELOCATION COSTS

1. Number of eligible employees who reside in DC

2. Number of eligible employees who reside outside DC

3. Tax credit for employees residing in DC (limited $7,500 per employee, see instructions) .........................

4. Tax credit for employees residing outside DC (limited $5,000 per employee, see instructions) .................

5. Total tax credit (add lines 3 and 4) .......................................................................................................

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Form D-20cr - Qhtc Corporate Business Tax Credits

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