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

OFFICIAL USE:

★★★

D-20CR

200__

Business Tax Credits

Government of the District of Columbia

(File With Form D-20)

For Tax Year beginning after December 31, 200__

or Tax Year beginning ___________________, 200__ and ending ___________________, __________

____________________________________________________

BUSINESS NAME AS SHOWN ON D.C. FORM D-20:

__________________________________________________

FEDERAL EMPLOYER IDENTIFICATION NUMBER:

PART A — REDUCTION IN D.C. CORPORATE FRANCHISE TAX FOR A

QUALIFIED HIGH TECHNOLOGY COMPANY (QHTC)

DOLLARS ONLY

. . . . . . . . . . . . . . . . . . . . . . . . . . . $

Total

District of Columbia Taxable Income (line 36 of Form D-20) .

2. Regular Corporation Franchise Tax (multiply line 1 by .09975). If less than $100, enter $100 . . . . . . . . $

3. QHTC TAX (multiply line 1 by .06). If less than $100, enter $100 . . . . . . . . . . . . . . . . . . . . . . . . . . . $

4. Amount of Credit (line 2 minus line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

(If in a High Technology Development Zone, enter amount from line 2)

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

EMPLOYEES DURING THE FIRST 18 MONTHS OF EMPLOYMENT

1. Number of employees eligible, first 12 months.

2. Total expenditures for retraining Qualified Disadvantaged Employees paid or incurred during this period . $

3. Amount of Retraining Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

Limited to $20,000 per employee for retraining costs incurred during the first 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 200__ to Qualified Disadvantaged Employees . . . . . . . . . . . . . . . . . . $

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

Limited to 50% of qualified disadvantaged employee’s wages paid during the first 24 months of

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

PART D — TAX CREDIT FOR RELOCATION COSTS

1. Number of eligible employees who reside in the District

2. Number of eligible employees who reside outside the District

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

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

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

Form D-20cr - Business Tax Credits