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One of the great advantages of operating your business in the nation’s capital is that you can take advantage of the variety of programs designed to provide tax and other financial benefits to businesses through federal and District incentives.
This section gives you an easy reference to some of the most common incentives for small businesses and discusses two of them in greater detail—the DC Enterprise Zone program and the New Economy Act of 2000. Some other programs listed in the chart are discussed elsewhere in this guide as indicated; whereas still others are not mentioned such as the development incentives for housing or commercial developers were not included in the chart.
For a complete guide to incentives for DC businesses, please contact the Office of the Deputy Mayor for Planning and Economic Development at 202.727.6365 or www.dcbiz.dc.gov. To learn about laws and regulations pertaining to each program and the exact impact of these incentives on your business, you should consult a tax advisor or refer to U.S. IRS publications located at www.irs.gov.
Download the Financial Incentives chapter. |
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