The Official Tech for Good Capital Designation Amendment Act of 2026 aims to designate the District of Columbia as the "Tech for Good Capital" of the nation by amending Chapter 18 of Title 47 of the District of Columbia Official Code. The bill introduces a real property tax abatement for qualified public-interest technology companies that create jobs in the District. It empowers the Deputy Mayor for Planning and Economic Development to support innovation clusters focused on public-interest technology and establishes a Tech for Good Working Group to develop a marketing and economic development strategy for the District.
Key provisions include the creation of a new subchapter defining "Qualified Public-Interest Technology Companies," which must maintain a physical presence in the District and engage primarily in public-interest technology initiatives. The bill specifies that real property taxes for these companies will be abated up to the amount of a new hire wage credit, capped at $15 million. Additionally, companies must meet certain requirements to maintain their qualified status, such as hiring a minimum number of new employees. The Working Group will focus on promoting public-interest technology, developing strategies for attracting qualified companies, and addressing barriers to growth, with a report due to the Council within one year of the bill's effective date.