§ 47-1807.53. Job growth tax credit eligibility.

Current through October 23, 2012

The Mayor shall approve any job growth tax credits allowed by § 47-1807. 52 if, during a credit period, a project shall:

(1) Bring a net job growth of at least 10 new jobs to the District of Columbia with an average yearly wage of at least 120% of the average yearly wage of residents of the District of Columbia;

(2) Increase income tax and payroll revenue for the District of Columbia;

(3) Result in the retention of any new positions proposed by the project for at least one year; and

(4) Be approved by the Mayor only if the project would not occur but for the job growth tax credit.

                
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(July 27, 2010, D.C. Law 18-202, § 2(c), 57 DCR 4746.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

For Law 18-202, see notes following § 47-1807.51.