![]() Franchise Tax Rate Relief: All QHTC rate relief provisions are repealed in their entirely as of January 1, 2020.Qualified Disadvantaged Employee Wage Credits: All carryover credits (both accumulated and going forward) are repealed as of January 1, 2020.Qualified Disadvantaged Employee Retraining Cost Credits: The total credit is limited to $10,000 per year as of Januand repeals all carryover credits (both accumulated and going forward) as of January 1, 2020.Employment Relocation Cost Credits: The employee relocation credit is repealed as of January 1, 2020.Expensing of Depreciable Property: The allowance as a deduction up to $40,000 for the cost of property and the special tax treatment tenant improvements by a QHTC are repealed as January 1, 2020.Qualified High Technology Companies (QHTC): QHTC Definition: A company must have ten qualified employees to qualify as a QHTC as of January 1, 2020.A 10.0 percent tax is imposed on gross game revenues generated by games of skill machines.The rate paid by all intermediate-care facilities for the intellectually disabled is increased from 5.5 percent to 6.0 percent.This surcharge is in addition to the $.235 tax on the sale of gasoline, gasohol, and other motor vehicle fuel. There is a surcharge of $.053 per gallon on the sale of gasoline, gasohol, and other motor vehicle fuel.Spirituous or malt liquors, beers, and wine sold for off-premises consumption by certain the Alcoholic Beverage Control Board licensed vendors are subject to the 10% sales and use tax rate.Transfer and recordation taxes related to title or security interest instruments are exempted if recorded between Oct.These tax changes will take effect October 1, 2020, unless otherwise noted, for the following tax types: ![]() There is also a tax rate increase on cigarettes. The new provisions include real property, sales and use, motor vehicle fuel, Stevie Sellows ICF-MR, games of skill, corporate franchise, unincorporated business franchise, estate, and individual income. (Washington, DC) – The District of Columbia Office of Tax and Revenue (OTR) reminds taxpayers, tax professional, software providers, businesses, and others about tax changes that were enacted in the Fiscal Year 2021 Budget Support Emergency Amendment Act of 2020. ![]()
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