Form Fr-399 - Qualified High Technology Companies Tax Package Page 9
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32OFFICIAL USE:
D-20CR
20____
HHH
Government of the District of Columbia
QHTC Corporate
Business Tax Credits
Office of Tax and Revenue
(File With Form D-20)
For Tax Year beginning after December 31, 20_____
or Tax Year beginning ___________________, 20_____ and ending ___________________, __________
____________________________________________________
BUSINESS NAME AS SHOWN ON DC FORM D-20:
__________________________________________________
FEDERAL EMPLOYER IDENTIFICATION NUMBER:
PART A — REDUCTION IN DC CORPORATE FRANCHISE TAX FOR A
QUALIFIED HIGH TECHNOLOGY COMPANY (QHTC)
DOLLARS ONLY
. . . . . . . . . . . . . . . . . . . . . . . . . . . $
1.
Total
District of Columbia Taxable Income (line 36 of Form D-20) .
.
2. Regular DC Corporate Franchise Tax (multiply line 1 amt. by .09975). If less than $100, enter $100 . . .
. $
3. QHTC TAX (multiply line 1 amt. by .06). If less than $100, enter $100 . . . . . . . . . . . . . . . . . . . . . . . $
4. Amount of Tax Credit (line 2 minus line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
(If located 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
THEIR
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 Costs 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 20___ to Qualified Disadvantaged Employees . . . . . . . . . . . . . . . . . . $
4. Tax credit (50% of line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
The credit is 50% of qualified disadvantaged employee wages paid during the first 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 to $7,500 per employee, see instructions)
. . .
. . .
. . . . $
. . . . .
4. Tax credit for employees residing outside DC (limited to $5,000 per employee, see instructions)
$
5. Total tax credit (add lines 3 and 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
-7-
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