District of Columbia's Qualified High Technology Program: An Often-Missed Opportunity That Deserves a Second Look

The District of Columbia's Qualified High Technology Company program was enacted more than 10 years ago to attract qualified high-tech companies to the district. The program's benefits have not changed in the last decade, but changes in the way companies do business means that some formerly unqualified taxpayers may now meet the program's definition of a “high-tech” company. In this article, authors Don Teichen, Scott Frishman, and Catherine Ford, of Deloitte Tax LLP, analyze the program's eligibility requirements and discuss its potential tax benefits, including corporate franchise tax rate reductions and exemptions, unincorporated business tax exemptions, job-related credits, and sales and use tax exemptions.