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HR 3329 105th Congress House Taxation Business income tax Capital gains tax Commerce Congress Congressional reporting requirements District of Columbia Economic impact statements Economics and Public Finance Employment tax credits Enterprise zones Home ownership Housing and Community Development Income Income tax Industrial development bonds Labor and Employment Personal income tax Residence requirements Tax credits

District of Columbia Economic Recovery Act

Introduced: March 4, 1998 Introduced by: Norton, Eleanor Holmes Democratic · District of Columbia See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 4, 1998
Referred to the House Committee on Ways and Means.
Mar 4, 1998
Sponsor introductory remarks on measure. (CR E282-283)
Mar 4, 1998
Introduced in House
 Plain-English summary Congressional Research Service

District of Columbia Economic Recovery Act - Amends the Internal Revenue Code, concerning the District of Columbia Enterprise Zone, to: (1) provide for the designation of the entire District of Columbia as the District of Columbia Enterprise Zone; and (2) treat the entire District of Columbia as an empowerment zone.

Limits the net income tax of a District of Columbia resident to the sum of: (1) 15 percent of so much of District-sourced income as exceeds a defined exemption amount; and (2) the average rate of non-District-sourced adjusted gross income (as defined). Provides for an annual study and reports concerning the impact of such tax limitations.

What's happening now March 4, 1998

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1