Owners of underutilized commercial property with properties located in cities that have an approved deferral program to convert such properties into qualifying multifamily housing.
Underutilized commercial property means an entire property, or portion thereof, currently used or intended to be used by a business for retailing or office-related or administrative activities.
Businesses converting to an employee ownership structure.
Converting your business to any of the following employee ownership structures:
Credit amount:
The credit is equal to:
Businesses primarily engaged in printing and/or publishing of newspapers or eligible digital content.
The exemption applies to gross income from printing and/or publishing of newspapers or eligible digital content.
Owners of underdeveloped land building affordable housing in a qualifying city.
Underdeveloped property means land used as a surface parking lot for parking motor vehicles off the street or highway, that is open to public use with or without charge.
A qualifying city is a city with a population of at least 135,000 but not more than 250,000 at the time the city initially establishes the program.
Available to:
Persons who make qualified contributions.
Qualifying activity:
Contributions made to the Equitable Access to Credit Program through the Department of Commerce.
Reporting/documentation:
Motion picture and video production companies.
Rental of production equipment. The exemption does not extend to the purchase of production equipment.
Employers and property managers. The accrual period for a property manager that provides incentives to persons employed at a worksite managed by the property manager expired on December 31, 2023.
Providing commute trip reduction incentives to or on behalf of employees.
All businesses that meet both of the following requirements:
Persons providing international services, such as computer; data processing; information; legal; accounting and tax preparation; engineering; architectural; business consulting; business management; public relations and advertising; surveying; geological consulting; real estate appraisal; or financial services in designated geographical areas.
All persons that make qualified contributions.
Cash contributions made to an approved Motion Picture Competitiveness Program (such as Washington Filmworks).
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