Skip to main content
HR 4155 104th Congress House Taxation Congress Congressional reporting requirements District of Columbia Dividends Economic impact statements Economics and Public Finance Finance and Financial Sector Income tax Interest Labor and Employment Maryland Metropolitan areas Residence requirements Salaries Tax exemption Tax rates Urban affairs Wages

District of Columbia Economic Recovery Act

Introduced: September 24, 1996 Introduced by: Norton, Eleanor Holmes Democratic · District of Columbia See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 24, 1996
Referred to the House Committee on Ways and Means.
Sep 24, 1996
Introduced in House
 Plain-English summary Congressional Research Service

District of Columbia Economic Recovery Act - Amends the Internal Revenue Code to set forth a limitation on the income tax imposed on individuals who are residents of the District of Columbia. Specifies that the limitation is the sum of: (1) 15 percent of so much District-sourced income as exceeds the exemption amount; and (2) the average rate of the non-District-sourced adjusted gross income. Sets forth definitions, including for "resident of the District of Columbia" and "exemption amount."

Provides for the tax treatment of certain sources of income.

Directs the Secretary of the Treasury to annually study the impact of the provisions of this Act on the economy of the District of Columbia.

What's happening now September 24, 1996

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1