Tax Breaks For Tech In The District
It's the holy grail for a region aiming to develop a tech sector: a homegrown start-up skyrocketing to success. LivingSocial is now a big fish in the tech pond, and the District is offering a $32.5 million tax deal to keep them here. Critics say it's a giveaway with no guarantees for the city, while others say it's key to nurturing the industry. And the debate won't end with LivingSocial -- the D.C. Council votes Tuesday on a bill offering help and other tax breaks to tech start-ups.