• the establishment of a District of Columbia Enterprise Zone;
  

• the establishment of a procedure for the creation of tax-exempt economic development bonds;
  

• the establishment of a zero percent capital gains tax rate for businesses located in certain areas of the District;
  

• a 20-percent wage credit for the first $15,000 of wages paid to all D.C. residents, and
  

• a $5,000 tax credit for homebuyers purchasing their first home in the District.
  

Creative Investment Research has just completed a review of the law and its potential impact on the District. Our report includes detailed color maps showing areas of the city eligible for assistance, a full set of economic and demographic data for the District (by Zone), and the full text of the law. We know you will find this study useful in determining which investment and tax credits apply to your business operations and investments in the District. To receive a copy of the report, order the report here.

The following provides additional information on the new DC Tax Law.
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Qualified Zone Businesses

Qualified Zone Property

First posted on 10/12/1997 by Creative Investment Research, Inc.

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