Archive: District of Columbia

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D.C. Updates QHTC Regulations

Effective May 1, 2020, the District of Columbia amended its regulations pertaining to Qualified High Technology Companies (QHTCs). The amendments will impact certain taxpayers’ continued eligibility to file District tax returns claiming QHTC benefits. The District will now more strictly interpret the requirements needed to meet the definition of a QHTC. In order to be […]
May 18, 2020

Refundable Tax Credit For D.C. Retail Businesses

Businesses in the District of Columbia should not overlook the Small Retailer Property Tax Relief Credit. The term “small retailer” implies a narrow scope of eligible businesses, but the credit applies to more business activities than the program’s name suggests. Plus, the credit is easy to claim and refundable.  For tax years beginning on or […]
February 4, 2020

State Legislatures Tackling TCJA Conformity or Nonconformity

States have had a year to consider the impact of the Tax Cuts and Job Act of 2018 (TCJA), and now many state legislatures are making decisions regarding which provisions they want to follow. This is certainly the case in our region. Both Maryland and Virginia have proposed legislation addressing conformity with federal tax reform, […]
February 4, 2019

New Limitation to D.C. High Technology Tax Incentives (QHTC)

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 […]
November 3, 2014

New Washington DC Nonprofit Code

Effective 1/1/2012, the completely revised nonprofit corporation act takes effect. Title 29 Chapter 4 addresses nonprofits.  Several of the more significant changes are as follows: Membership organizations can now elect delegates to elect a board of directors. LLCs can be formed for nonprofit purposes. Other changes involve record keeping requirements, member’s rights to review organizational […]
January 4, 2012

D.C. Tax Rate Adjustment Coming Up for Upper-Income Bracket

Adjustments to upper-income taxpayers’ rates are happening with the District of Columbia to be the latest to increase tax rates.  On Tuesday, the DC City Council created a new tax bracket for DC taxpayers with income over $350,000.  These taxpayers will see their tax rate over that amount go from 8.5% to 8.95%, effective October […]
September 21, 2011

Alert: Compliance Change for Nonprofits Incorporated in the District of Columbia

The District of Columbia has issued a completely revised nonprofit corporation act that will take effect January 1, 2012.  The law firm of Harmon, Curran, Spielberg & Eisenberg, LLP has written an article here to describe the new law and recommendations that all nonprofits incorporated in DC should review their articles of incorporation, bylaws, and […]
August 19, 2011
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