D.C. Mun. Regs. tit. 9, r. 9-1101

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 9-1101 - BENEFIT APPLICATIONS FOR QUALIFIED HIGH TECHNOLOGY COMPANIES

1101.1

To claim a credit or other benefit, a Qualified High Technology Company shall be required each year to self-certify to obtain from the Deputy Chief Financial Officer a certificate of benefits. No tax exemptions or benefits shall be allowed without a valid certificate of benefits obtained prior to or concurrently with the filing of a return on which such benefits are claimed.

1101.2

A certificate of benefits shall be deemed to be attached to any tax return due and filed during the period for which the certificate of benefits is valid and unexpired.

1101.3

The issuance of a certificate of benefits does not prohibit the Office of Tax and Revenue from conducting an audit to insure compliance with the relevant Qualified High Technology Company statutes and definitions.

1101.4

Beginning with certificates of benefits issued on or after January 1, 2019, certificates of benefits issued to a Qualified High Technology Company through an annual certification process shall be valid until the expiration date stated on the certificate.

1101.5

In order to receive a certificate of benefits, a Qualified High Technology Company shall follow the Office of Tax and Revenue's electronic self-certification process.

1101.6

All benefit applications filed by Qualified High Technology companies shall include, but are not limited to, the following information:

(a) Taxpayer ID Number;

(b) Name;

(c) Address;

(d) Sales Tax Account Number;

(e) NAICS Code;

(f) Information demonstrating QHTC eligibility;

(g) First year certified as QHTC;

(h) Explanation of principal business activity;

(i) Amount of QHTC Exempt Sales/Purchases from the prior year (broken down by period);

(j) Number of QHTC employees hired;

(k) Number of QHTC employees hired who are District residents;

(l) Schedules detailing QHTC employee credits

(m) Number of QHTC jobs created in the past year;

(n) Gross revenue; and

(o) Gross revenue earned from QHTC activities in the District.

D.C. Mun. Regs. tit. 9, r. 9-1101

Final Rulemaking published at 49 DCR 2142 (March 8, 2002); amended by Final Rulemaking published at 65 DCR 000054 (1/4/2019)