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HR 4358 106th Congress House Government Operations and Politics Business income tax Capital gains tax Commerce Congress Congressional reporting requirements Corporation taxes District of Columbia Economic impact statements Economics and Public Finance Employment tax credits Enterprise zones Home ownership Housing and Community Development Income tax Industrial development bonds Labor and Employment Municipal finance Municipal taxation Personal income tax

Omnibus District of Columbia Tax Incentive Recovery Act of 2000

Introduced: May 2, 2000 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
May 2, 2000
Referred to the House Committee on Ways and Means.
May 2, 2000
Sponsor introductory remarks on measure. (CR E604-605)
May 2, 2000
Introduced in House
 Plain-English summary Congressional Research Service
Omnibus District of Columbia Tax Incentive Recovery Act of 2000 - Title I: Imposition and Withholding of Nonresident Wage Tax - District of Columbia Nonresident Tax Credit Act of 2000 - Subjects every nonresident individual employed in the District of Columbia to a tax equal to two percent of wages from employment in the District of Columbia and two percent of net earnings from self-employment in the District of Columbia, so long as there is a corresponding Federal credit, subject to exceptions. Amends the Internal Revenue Code to establish such a credit.

Title II: Modifications to Enterprise Zone Benefits Available with Respect to the District of Columbia - District of Columbia City-Wide Enterprise Zone Act of 2000 - Designates the entire District of Columbia as the District of Columbia Enterprise Zone. Treats the entire District of Columbia as an empowerment zone.

Title III: Limitation on Income Tax Imposed on Individuals Who Are Residents of the District of Columbia - District of Columbia Economic Recovery Act of 2000 - Prohibits the net tax income of District of Columbia residents from exceeding specified limits. Requires a study of the impact of such limits for District residents.

Title IV: First-Time Homebuyer Credit for District of Columbia Made Permanent - District of Columbia $5,000 Homebuyer Credit Act of 2000 - Makes the first-time homebuyer credit for the District permanent.

What's happening now May 2, 2000

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1