District of Columbia proposes changes to treatment of Qualified High Technology Companies

myStateTaxOffice

On November 1, 2012, District of Columbia Mayor Vincent Gray signed A19-0513, the Technology Sector Enhancement Act of 2012 ("Act"). The Act would make a number of changes to the treatment of Qualified High Technology Companies ("QHTCs"), including a requirement that a QHTC derive at least 51% of its gross revenues earned in the District from qualifying QHTC activities, potentially disqualifying certain existing QHTCs.



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