HR 549
105th Congress
House
Taxation
Business income tax
Commerce
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
Personal income tax
Residence requirements
Salaries
Tax exemption
Tax rates
District of Columbia Economic Recovery Act
Introduced: February 4, 1997
Introduced by:
Norton, Eleanor Holmes
Democratic
· District of Columbia
See on congress.gov
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 13, 1997
Referred to the Subcommittee on District of Columbia.
Feb 4, 1997
Referred to House Government Reform
Feb 4, 1997
Referred to House Ways and Means
Feb 4, 1997
Referred to the Committee on Ways and Means, and in addition to the Committee on Government Reform and Oversight, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 4, 1997
Sponsor introductory remarks on measure. (CR E152-153)
Feb 4, 1997
Introduced in House
Plain-English summary
District of Columbia Economic Recovery Act - Amends the Internal Revenue Code to limit 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
Referred to the Subcommittee on District of Columbia.
Committees of jurisdiction
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