Gray: Angel tax credit will be policy ‘focal point’ this year – Washington Business Journal

A tax measure that would create a new, more lenient capital gains rate for tech investors and entrepreneurs cashing out their stock in the District is “going to be a focal point” for the Gray administration’s policy efforts this year, Mayor Vincent Gray told me in an interview Friday.

Gray, discussing his upcoming trip to the South by Southwest technology competition in Texas and his broader efforts to expand the District’s tech startup scene, acknowledged that resistance to the tax cut persists in the D.C. Council, which tabled the tax break last summer:

“I don’t get the sense that they’re any further along,” he said.