D.C. court rules local NBC station not a high-tech company eligible for tax breaks

Bizjournals.com reports that there’s no question WRC-TV, Washington’s NBC station, uses technology in its daily activities. But that does not make it a high-technology company worthy of major tax breaks, a court ruled Thursday.

A three-judge panel of the D.C. Court of Appeals concluded that WRC-TV is not a Qualified High Technology Company as defined by D.C. law and is therefore responsible for a hearty tax bill assessed by the Office of Tax and Revenue.

The case was being closely watched by businesses of a similar ilk — not high-tech companies as they are commonly known, but companies that use technology (including information and communication equipment and systems that involve advanced computer software and hardware, as allowed by D.C. law) in the course of doing business.

Read more at http://www.bizjournals.com/washington/news/2015/10/22/d-c-court-rules-local-nbc-affiliate-not-a-high.html

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