The Job Growth Incentive Amendment Act of 2025 aims to stimulate the District of Columbia's economy by providing tax credits to businesses that create new jobs for District residents. Specifically, the bill allows businesses to apply for a tax credit if they create at least 25 new jobs between 2027 and 2032, with the requirement that these positions pay at least the average yearly wage in DC. The credit is available for up to ten years if the positions are retained beyond one year, and it is designed to incentivize projects that would not occur without this tax credit.

Key amendments to the existing Job Growth Incentive Act of 2010 include extending the eligibility period for tax credits to cover new job creation from January 1, 2027, to January 1, 2032, and increasing the potential tax credit to 100% of the taxpayer's total estimated FICA taxes for new employees who are District residents. Additionally, the applicability date of the original act is extended from January 1, 2030, to January 1, 2043. These changes reflect a strategic effort to enhance job growth and economic diversification in the District following significant layoffs in the federal sector.