District of Columbia Corporation Franchise Tax Return

Corporation Franchise Tax Return
Form D-20
Print

Clear
Government of the
District of Columbia

2022 D-20 Corporation
Franchise Tax Return

Important: Print in CAPITAL letters using black ink.
Taxpayer Identification Number (TIN)

Number of business locations
In DC:

*220200110002*
Tax period ending (MMDDYYYY)

Outside DC:

Name of corporation

Business mailing address #1

Business mailing address #2

State

Zip Code + 4

GROSS INCOME

Fill in

if Amended Return

Fill in

if Final Return

Fill in

if Certified QHTC

Fill in

if Combined Report*

Fill in
if Worldwide**
**Worldwide form must be filed with this return

Enter dollar amounts only.
If amount is zero, leave line blank; if minus, enter amount and fill in oval.

(To allocate non-business Items, see instructions)

2

$
$

..00
..00

3

$

..00

$
5 $
6 $
7 $
8(a)$
8(b)$
9 $

..00
..00
..00
..00
..00
..00
..00

$
11$
12 $
13 $
14 $
15 $
16 $
17 $

..00
..00
..00
..00
..00
..00
..00
..00

.00 = 18c $

..00
..00
..00

1

Gross receipts, minus returns and allowances

1

2

Cost of goods sold (from D-20 Schedule A) and/or operations
(attach statement)

Gross profit from sales and/or operations

Fill in if minus:

Line 1 minus Line 2

4

Dividends from Form D-20, Schedule B

5

Interest (attach statement)

6

Gross rental income from D-20, Schedule I, Column 3, Line 6

7

Gross royalties (attach statement)

4

8(a) Net capital gain (loss) (attach a copy of your federal Schedule D)

Fill in if minus:

(b) Ordinary gain (loss) from Part II, fed. Form 4797, (attach copy)

Fill in if minus:

9

Capital gains deferred on federal return due to investment in a federal
Qualified Opportunity Fund
Fill in if minus:
10 Other income (loss) (attach statement)
11 Total gross income. Add Lines 3-10

10

Fill in if minus:

12 Compensation of officers from Form D-20, Schedule C
13 Salaries and wages
14 Repairs

DEDUCTIONS

if QHTC located in DC Ballpark TIF Area

Designated Agent TIN

Designated Agent Name

3

Fill in

*You must fill in the Designated Agent info below

City

•READ INSTRUCTIONS BEFORE PREPARING RETURN•

OFFICIAL USE ONLY

Vendor ID# 0002

15 Bad debts
16 Rent
17 Taxes from Form D-20, Schedule D
18(a) Interest payments

$

(b) Minus nondeductible payments to related entities $

.00

19 Contributions and/or gifts (attach statement)

19

20 Amortization (attach a copy of your federal Form 4562)

20

$
$

21 Depreciation (attach a copy of your federal Form 4562. Do not include

21

$

..00

22 Depletion (attach statement)

22

$

..00

.00 = 23c $

..00

any additional IRC 179 expenses or IRC 168(k) depreciation)

23a) Enter royalty payments made

$

(b) Minus nondeductible payments to related entities $
Revised 11/2022

.00

D-20 FORM, PAGE 2

*220200120002*
$
$

.00
.00

28

28

$
$
$

.00
.00
.00

29

29a $

.00
.00
.00
.00

24

24

25

25

26

26

27 Total deductions.

27

29b$
29c $
30

30

31

$

31

3,

.

.00

32

32

$

33

33

$

.00

34

34

$

.00

35

$

.00

36

$
$
$

.00
.00
.00

35
*(Losses occurring in tax year 2018 or later are limited to 80%. See instructions.)

36 Total DC taxable income.

Line 34 minus Line 35.

37

37

38

38

.00

$

39
40

4

41

$

$
41b$
41c $
41d$
42 $
43 $
44 $
45 $
41a

2022
42

2022

43
44
45
46
47

46
2023

48

47
48

To authorize another person to discuss this return with OTR, fill in here

PLEASE
SIGN
HERE

PAID
PREPARER
ONLY

Revised 11/2022

$
$
$

.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00

and enter the name and phone number of that person. See instructions.

D-20 FORM, PAGE 3

*220200130002*

Taxpayer Name:
Taxpayer Identification Number:

Schedule A - Cost of Goods Sold (See specific instructions for Line 2.)

Schedule B - Dividends (See specific instructions for Line 4.)
AMOUNT

NAME AND ADDRESS OF DECLARING CORPORATION

1. Inventory at beginning of year............................... $

$

2. Merchandise bought for manufacture or sale..........
3. Salaries and wages.............................................
4. Other costs per books (attach statement)...............
(Additional federal depreciation and additional IRC § 179
expenses are not allowable.)

5. Total ................................................................

$

6. Minus: Inventory at end of tax year......................
7. Cost of goods sold (Enter here and on D-20 Line 2.)

$

Method of inventory valuation:
Total Dividends
$

Minus deduction for Subpart F Income.
Minus deduction for dividends received from
wholly-owned subsidary

$

TOTAL (Enter here and on D-20, Line 4.)

Schedule C - Compensation of officers (See specific instructions for Line 12. If more than 3 offices attach additional sheets as needed.)
Col. 1
Name and Address of Officer

Col. 2
Official Title

Percent of Corporation
Stock Owned

Col. 3
Percent of Time
Devoted to
Business

Col.5
Preferred

Col. 4
Common

Col. 7
Expense
Account
Allowances

Col. 6
Amount
of
Compensation

%

%

%

%

%

%

%

%

%

TOTAL COMPENSATION OF OFFICERS (Enter here and on D-20, Line 12.)

$

$

$

Schedule D - Taxes (See specific instructions for Line 17.)
AMOUNT

EXPLANATION

AMOUNT

EXPLANATION

$

$

TOTAL (Enter here and on D-20, Line 17.)

$

Schedule E - Reconciliation of the net income reported on Federal and DC returns
1. Taxable income before net operating loss deduction and special
deductions (page 1 of your Federal corporate return).

$

7. Total DC taxable income reported (from D-20, Line 36. $

UNALLOWABLE DEDUCTIONS AND ADDITIONAL INCOME
2. Income taxes (see specific instructions for Line 17).

NON-TAXABLE INCOME AND ADDITIONAL DEDUCTIONS

3. DC income taxes and franchise taxes imposed by DC Revenue
Act of 1947, as amended.

8. Net income apportioned or allocated to outside DC.

4. Interest on obligations of states, territories of the U.S. or
any Political Subdivision thereof.

9. Other non-taxable income and additional deductions
including NOL (itemize):

5. Other unallowable deductions and additional income (itemize,
include additional federal depreciation and additional
IRC § 179 expenses).

(a) _____________________________________________________

(a) ______________________________________________________

(b) _____________________________________________________

(b) ______________________________________________________

6. TOTAL of Lines 1–5.

Revised 11/2022

$

10. TOTAL of Lines 7, 8 and 9.

$

D-20 FORM, PAGE 4

*220200140002*

Taxpayer Name:
Taxpayer Identification Number:

Schedule F - DC apportionment factor (See instructions) Note: If this is a combined report do not use Schedule F to derive the apportionment factor for the group.
Leave Schedule F blank. Use Combined Reporting Schedule 2A, Line 9 instead.
Round cents to the nearest dollar.

Carry all factors to six decimal places and truncate.

Column 1 TOTAL

For all businesses other than financial institutions:
1. SALES FACTOR: All gross receipts of the business other
than gross receipts from non-business income.

Column 2 in DC

$

.00

2. SALES FACTOR: All gross income of the financial institution other
than gross income from non-business income.

$

.00

3. PAYROLL FACTOR: Total compensation paid or accrued by the
financial institution.

$

.00

Column 3 Factor

(Column 2 divided by Column 1)

.00

.

$

.00

.

$

.00

.

$

For Financial Institutions:

4. SUM OF FACTORS: (For Financial Institutions add Lines 2 and 3 of Column 3)

.

5. DC APPORTIONMENT FACTOR: For businesses other than financial institutions enter the number from Line 1, Column 3. Enter on D-20,
Line 31. For financial institutions divide Line 4, Column 3 by 2. Enter on D-20, Line 31.

.

Schedule G - Balance Sheets

Beginning of Taxable Year
(A) Amount
(B) Total

End of Taxable Year
(A) Amount
(B) Total

1. Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Trade notes and accounts receivable. . . . . . . . . . . . . .
(a) MINUS: Allowance for bad debts. . . . . . . . . . . . . .
3. Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. Gov’t obligations:

(a) U.S. and its instrumentalities. . . .

ASSETS

(b) States, subdivisions thereof, etc. .
5. Other current assets (attach statement). . . . . . . . . . . .
6. Loans to stockholders. . . . . . . . . . . . . . . . . . . . . . . . .
7. Mortgage and real estate loans. . . . . . . . . . . . . . . . . . . .
8. Other investments (attach statement). . . . . . . . . . . . . .
9. Buildings and other fixed depreciable assets . . . . . . . .
(a) MINUS: Accumulated depreciation. . . . . . . . . . . . .
10. Depletable assets. . . . . . . . . . . . . . . . . . . . . . . . . . . .
(a) MINUS: Accumulated depletion. . . . . . . . . . . . . . . .
11. Land (net of any amortization). . . . . . . . . . . . . . . . . .
12. Intangible assets (amortizable only) . . . . . . . . . . . . . .
(a) MINUS: Accumulated amortization . . . . . . . . . . . .
13. Other assets (attach statement) . . . . . . . . . . . . . . . . .
14.

TOTAL ASSETS . . . . . . . . . . . . . . . . . . . . . . . . .

LIABILITIES AND CAPITAL

15. Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . .
16. Mortgages, notes, bonds payable in less than 1 year.
17. Other current liabilities (attach statement). . . . . . . . . .
18. Loans from stockholders . . . . . . . . . . . . . . . . . . . . . .
19. Mortgages, notes, bonds payable in 1 year or more . .
20. Other liabilities (attach statement) . . . . . . . . . . . . . . .
21. Capital stock:

(a) Preferred stock . . . . . . . . . . . . . .
(b) Common stock . . . . . . . . . . . . . .

22. Paid-in or capital surplus (attach statement) . . . . . . . .
23. Retained earnings - Appropriated (attach statement) . .
24. Retained earnings - Unappropriated . . . . . . . . . . . . . .
25. MINUS: Cost of treasury stock . . . . . . . . . . . . . . . . . .
26.

TOTAL LIABILITIES AND CAPITAL . . . . . . . . . .

Revised 11/2022

(

)

(

)

D-20 FORM, PAGE 5

*220200150002*

Taxpayer Name:
Taxpayer Identification Number:

Schedule H-1 – Reconciliation of Income (Loss) per Books With Income (Loss) per Return
1. Net income per books. . . . . . . . . . . . . . . . . . . . $

7. Income recorded on books this year and not
included in this return (itemize).
Tax-exempt interest $______________

2. Federal income tax . . . . . . . . . . . . . . . . . .

$

3. Excess of capital losses over capital gains . .
4. Taxable income not recorded on books this
year (itemize) . . . . . . . . . . . . . . . . . . .
8. Deductions on this tax return and not charged
against book income this year (itemize).

5. Expenses recorded on books this year and not
deducted on this return (itemize).

(a) Depreciation . . . . . $ ______________

(a) Depreciation . . . . . . $_______________

(b) Depletion . . . . . . . . $ ______________

(b) Depletion . . . . . . . $_______________

9. TOTAL of Lines 7 and 8 . . . . . . . . . . . . . . . . $
10. Taxable Income (federal Form 1120, page 1, line 28
should equal Line 6 minus Line 9 of this Schedule.) $

6. TOTAL of Lines 1 through 5. . . . . . . . . . . . . . .

$

Schedule H-2 – Analysis of Unappropriated Retained Earnings per Books
1. Balance at beginning of year . . . . . . . . . . . .

5. Distributions:

$

2. Net income per books . . . . . . . . . . . . . . . . .
3. Other increases (itemize) . . . . . . . . . . . . . . .

(a) Cash . . . . .. . . . . . . . . .
(b) Stock . . . . . . . . . . . . . .
(c) Property . .. . . . . . . . . .

$

6. Other decreases (itemize).

4. TOTAL of Lines 1, 2 and 3.

$

7. TOTAL of Lines 5 and 6. . . . . . . . . . . . . . . .

$

8. Balance at end of year (Line 4 minus Line 7). .

$

Schedule I – Income from Rent
Col. 6 Taxes, Interest
Col. 4 Depreciation*
or Amortization (Per
Col. 5 Repairs
and other Expenses*
Col. 2 Kind of
Col. 3 Gross
Col.
1
Address
of
Property
Property
Amount
of
R
ent
Federal
Form
4562)
(Explain
in
Sch.
I-1)
(Explain in Sch._______
I-1)
_______________________________________________________________________________________________________________________________
$
$
$
$
1. ______________________________________________________________________________________________________________________________
_____

2. ___________________________________________________________________________________________________________________________________
3. ___________________________________________________________________________________________________________________________________
4. ___________________________________________________________________________________________________________________________________
5. ___________________________________________________________________________________________________________________________________
6. TOTAL (Enter the total of Column 3 on D-20, Line 6. $
Enter total of Column 4, 5, and 6 on appropriate deduction lines.)

$

$

$

*excludes federal depreciation and additional IRC §179 expenses.
Schedule I-1 – Explanation of deductions claimed in Columns 5 and 6 of Schedule I.
Column
Column
No.
Explanation
Amount
No.
Explanation
Amount
______________________________________________________________________________________________________________________________________

$
$
______________________________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________________________
______________________________________________________________________________________________________________________________________
Revised 11/2022

D-20 FORM, PAGE 6

*220200160002*

Taxpayer Name:
Taxpayer Identification Number:

*
Schedule K- Disregarded Entities (Name and TIN for any single member limited liability company that is treated as a disregarded entity for District franchise tax
purposes, whose income is included in the income reported on this return, and which is doing business in the District). (See instructions.)
Disregarded Entity Name

TIN

Supplemental Information
1.

STATE OR COUNTRY OF INCORPORATION

4.

THE CORPORATION’S BOOKS ARE IN THE CARE OF –

6.

2.(a)

DATE OF INCORPORATION

2.(b)

5.

DATE BUSINESS BEGAN IN DC

3. IRS SERVICE CENTER WHERE FEDERAL RETURN

WAS FILED FOR PERIOD COVERED BY THIS RETURN:

LOCATED AT –

During 2022, has the Internal Revenue Service made or proposed any
adjustments to your federal income tax return, or did you file any amended
returns with the IRS? YES
NO

If you have already provided OTR with

a detailed statement, enter the date
it was sent.

If “YES”, please submit separately a detailed statement, unless previously
submitted, to the address shown in the instructions under Amended returns.
7. Is this corporation unitary with another entity?

YES

NO

If yes, explain:

8. Is this return made on the accrual basis?

YES

NO

If no,, indicate basis used:
us

9. Did you file a franchise tax return with DC
for the year 2021?

YES

NO

If no, state reason

10. Did you withhold DC income tax from wages paid to your
DC resident employees during 2022?

YES

NO

If no, state reason:

11. Did you file annual information returns, federal forms 1096
and 1099, relating to payment of dividends and interest for
2022?

YES

NO

12. (a) Has the business been terminated?

YES

NO

YES

NO

YES

NO

(b) Have you moved out of DC?
13. Did you file an annual ballpark fee return?

*Schedule J has been deleted.

Revised 11/2022

If yes, explain and give date:

Cash Basis

MM/DD/YYYY

Other (specify)

Print

Clear

Government of the
District of Columbia

2022 SCHEDULE UB
Business Credits

Important: Print in CAPITAL letters using black ink.
Attach to your Form D-20 or D-30.
Taxpayer Identification Number

*222300210002*
OFFICIAL USE ONLY

Vendor ID# 0002

Fill in

if FEIN

Fill in

if filing a D-20 Return

Fill in

if SSN

Fill in

if filing a D-30 Return

Enter your business name

D-20 Return
Nonrefundable Credits (Nonrefundable Credits may not be applied against the required minimum tax)
1

Economic Development Zone Incentives Credits (see worksheet).

1

$

2

Qualified High Technology Company Credits from Part D, Line 4a, DC Form D-20CR.

2

3

Organ and Bone Marrow Donor Credit (see computation on reverse side).

3

4

Job Growth Incentive Act

4

$
$
$

.00
.00
.00
.00

5

Enter alternative fuel credits. See instructions

9

$
$
$
$

.00
.00
.00
.00

10

$

.00

$
12 $

.00
.00

$

14

5a Alternative fuel infrastructure.

$

.00

$

.00

# of stations
5b Alternative fuel vehicle conversion.
# of vehicles
6

Total alternative fuel credits. Add Lines 5a and 5b only and enter here.

7
8

Employer-assisted Home Purchase Tax Credit (see computation on reverse side). 7a
7
# of employees
DC Low-Income Housing Tax Credit (see instructions).
8

6

9

Total the nonrefundable D-20 credits, enter here and on Form D-20, Line 38.

Refundable Credits
10

RESERVED

11

11

12 Total the refundable D-20 credits, enter here and on Form D-20, Line 41 d .

D-30 Return
Nonrefundable Credits (Nonrefundable Credits may not be applied against the required minimum tax)
13 Economic Development Zone Incentives Credit (see worksheet).

13

14 Organ and Bone Marrow Donor Credit
15 Job Growth Incentive Act

$
15 $

.00
.00
.00

$
$
$
20 $

.00
.00
.00
.00

16

lternative

(see computation on reverse side)

See instructions

16a Alternative fuel infrastructure.
# of stations
16b Alternative fuel vehicle conversion.

$

.00

$

.00

# of vehicles
17 Total alternative fuel credits. Add Lines 16a and 16b only and enter here.

17

18 Employer-assisted Home Purchase Tax Credit (see computation on reverse side). 18a
18
# of employees
19 DC Low-Income Housing Tax Credit (see instructions).
19
20 Total the nonrefundable D-30 credits, enter here and on Form D-30, Line 38.

Refundable Credits
1

1

$

.00

2 otal the refundable D- 0 credits, enter here and on Form D- 0, Line 41(d).

2

$

.00

Revised 08/2022

Schedule UB Instructions - Qualified High Technology Companies

If you claim credits on Lines 2 above, attach a copy of your DC Form D-20CR to the D-20.

Organ and Bone Marrow Donor Credit
An employer who provides an employee with paid leave to donate an organ (up to
30 days leave) or to donate bone marrow (up to 7 days leave) is eligible to claim a
credit against the franchise tax. The credit is equal to 25% of the salary paid to the
employee during the leave period. If you take the credit, you may not also deduct
the salary paid to the donor employee for that period. This credit is not available if
the employee is eligible for leave under the Family and Medical Leave Act of 1993.

Organ and Bone Marrow Donor Credit
— Computation —

Column 1
Credit Category

Column 2
Total Paid Leave

Column 3
Leave Credit Calculation

Organ Donor(s)

Total Paid Leave
Wages

Col 2 ______________
amt.

$_______________

x 25% ____________
$__________________

Bone Marrow
Donor(s)

Total Paid Leave
Wages

Col 2 ______________
amt.

$_______________

x 25% ____________

Column 4
Total Credit

$________________

$__________________

$________________

Total of Col. 4.
Enter here and
on Schedule UB.*

$________________

*Line 3 of Schedule UB for D-20 filers
Line 14 of Schedule UB for D-30 filers

Employer-Assisted Home Purchase Tax Credit
— Computation —
1. Number of Eligible Employees
2. Amount of Homeownership Assistance provided
during this period to Eligible Employees ...........................x 50%
3. Tax Credit ..............................................................................
(Cannot exceed Line 2 amount and limited to $2,500 per Eligible
Employee)

$
$

Enter amount from Line 3 on
Line 7 of Schedule UB for D-20 filers, or
Line 18 of Schedule UB for D-30 filers.
Employer-Assisted Home Purchase Tax Credit
An employer who provides homeownership assistance to eligible employees
through a certified home purchase program may be eligible to claim a credit
against the franchise tax if certain conditions are met. See instructions and
DC Code Section 47-1807.07 for further details.

Clear

Print

Government of the
District of Columbia

*222300310002*

2022

Important: Print in CAPITAL letters using black ink.

NOTE: READ INSTRUCTIONS BEFORE
COMPLETING THIS FORM

Worldwide
of Designated Agent

YY

Taxable year ending MM

Number of members in the combined group

Name of Designated Agent

Telephone number

Business mailing address line #1

Business mailing address line #2
City

State

A

List the designated agent and all
combined members

B
Identification Number

C

Was a separate
DC franchise tax
return filed in the
prior year?

Zip Code + 4

D

Is the member new
to the
combined group?

E

Was gross income
received from
District sources?

F

Does the member
have nexus in DC?

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Note: If more than 1 combined members, continue list on a separate sheet of paper.
Revised 03/2022

Combined Group Members’ Schedule
Instructions

It is necessary to identify each member of the DC Combined Group subject to the franchise tax.
Attach a copy of Federal Forms 851]Ê5471]Ê>˜`Ên™ÇxÊ­ˆ˜VÕ`ˆ˜}Ê-V…i`ՏiÊ
®.
File this schedule each year that a DC Combined Report is filed.
Enter the number of members in the combined group.

Column A - List the designated agent and all combined members included in the DC Combined Report.
Column B - Give the />Ý«>ÞiÀÊIdentification Number (/N) for each member listed.
Column C - Indicate if each member listed filed a separate DC franchise tax return in the prior tax year.Ê
Column D - Indicate if any members are new to the DC Combined Group.
Column E - Indicate if the member received gross income from DC sources.
Column F - Indicate if the member has nexus in DC.

Print

Clear
Government of the
District of Columbia

2022 SCHEDULE

Property Tax

Important: Read eligibility requirements before completing.
Print in CAPITAL letters using black ink.

Credit

*22SR00110002*
OFFICIAL USE ONLY

Taxpayer Identification Number

Fill in
Fill in

if FEIN
if SSN

Fill in

if filing a D-20 Return

Fill in

if filing a D-30 Return

Vendor ID#0002

Sales and Use Tax Account Number

Enter your business name

Mailing address (number, street and suite number if applicable)

City

State

Address of

Zip Code +4

DC roperty (number, street and suite number if applicable) for which you are claiming the credit if different from above

State

City

Zip Code +4

Certificate of Occupancy Permit Number
If member of a Combined Group, Taxpayer Identification Number of Designated Agent

Do not claim this credit if your qualified business is exempt from or receives any tax credits towards its real property
tax or the qualified rental retail location or the qualified owned retail location is otherwise exempt from real property
tax.
The credit equals the total Class 2 real property taxes paid by a qualified corporation or qualified unincorporated
business for a qualified retail owned location during the taxable year not to exceed $5,000; or 10% of the total rent
paid by a qualified corporation or qualified unincorporated business for a qualified rental retail location not to exceed
$5,000.
Do not make claim if $2.5m or more.

2022
2022
2022

1

$

.00

$

.00

$

.00

$

.00

$

.00

Landlord’s name
Landlord’s address (number and street)

elephone number
City

State

Zip Code +4

If Owner, enter information from your real property tax bill or assessment. If a section is blank on your property tax bill, leave it blank here.

Square number
Revised 08/2022

Suffix number

Lot number

Instruc�ons for Schedule SR
Small Retailer Property Tax Relief Credit
For taxable years beginning a�er December 31, 2017,
a qualified corpora�on, or qualified unincorporated
business, may claim a credit against corporate or
unincorporated business franchise tax as follows:

qualified unincorporated business; leased or owned by
the qualified corpora�on/qualified unincorporated
business; classified, in whole or in part, as Class 2
Property as defined in DC Code §47-813; and has
obtained a Cer�ficate of Occupancy for commercial use.
Tax-Exempt and Government Proper�es
i

a tax credit equal to 10% of the total rent paid by the
corpora�on/unincorporated business for a qualified
rental retail loca�on during the taxable year not to
exceed $5,000: or
a tax credit equal to the total Class 2 real property
taxes paid by the qualified corpora�on/unincorporated
qualified business for a qualified retail owned loca�on
during the taxable year not to exceed the lesser of the
real property tax paid during the taxable year or $5,000.
The credit in any one taxable year may exceed the
qualified corpora�on/qualified unincorporated
business’s franchise tax liability, including any minimum
tax due for that taxable year and is refundable to the
qualified corpora�on/qualified unincorporated business
claiming the credit.
The credit shall not apply if the qualified
corpora�on/qualified unincorporated business is
exempt from or receives any tax credits towards its real
property tax or the qualified rental retail loca�on or
qualified owned retail loca�on is otherwise exempt
from real property tax.
Qualified Corpora�on/Qualified Unincorporated
Business Defined
The term “qualified corpora�on” or “qualified
unincorporated business” means a corpora�on or
unincorporated business that: is engaged in the
business of making sales at retail and files a sales tax
return reflec�ng those sales; has less than $2,500,000 in
federal gross receipts or sales; and is current on all
District tax filings and payments.
Qualified Retail Rental Loca�on/Qualified Retail
Owned Loca�on Defined
The term “qualified retail rental loca�on” or “qualified
retail owned loca�on” means a building or part of a
building in the District that during the taxable year is: a
in

Line Instruc�ons
Line 1 Enter the total amount of federal gross receipts
or sales. If you have federal gross receipts or sales of
$2.5 million or more you are ineligible to claim the
credit.
Line 2 If you are a tenant, enter the amount of rent
paid on the qualified retail rental loca�on in
taxable year 2022.
Line 3 If you are an owner, enter the amount of Class 2
real property taxes paid on the qualified retail owned
loca�on in 2022, or, if you are a tenant, enter the
amount of 10% of the rent paid on the qualified retail
rental loca�on in taxable year 2022.
Line 4 The credit limit is $5,000.
Line 5 Enter the smaller of Line 3 or Line 4 on Line 5.
This is the amount of the credit that may be claimed.
Enter the Line 5 amount on Schedule UB, Line 11 if
incorporated, or Line 21 if unincorporated.
Line 6 For the qualified retail loca�on, enter the
Owner or Landlord’s name, address and telephone
number.
Line 7 If the property is a qualified retail owned
loca�on, enter the Square number, Suffix number and
Lot number for the property as it appears on your real
property tax bill or assessment.
Note: In addi�on to other requirements as listed above,
all businesses must have a sales and use tax account
with OTR and file all required returns in order to qualify
for this credit. The Schedule SR cannot be filed as a
standalone return. It must be filed with Schedule UB
and the D-20 Corporation Franchise Tax Return, or D-30
Unincorporated Franchise Tax Return, as applicable. A
business with mul�ple loca�ons in the District may
claim the credit for only one property owned or leased.