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District of Columbia Fair Federal Compensation Act of 2002

Introduced: March 11, 2002 Introduced by: Norton, Eleanor Holmes Democratic · District of Columbia See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 14, 2002
Sponsor introductory remarks on measure. (CR H929)
Mar 11, 2002
Referred to the Committee on Government Reform, and in addition to the Committee on Ways and Means, 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.
Mar 11, 2002
Sponsor introductory remarks on measure. (CR E311-312)
Mar 11, 2002
Introduced in House
 Plain-English summary Congressional Research Service
District of Columbia Fair Federal Compensation Act of 2002 - Establishes the Dedicated Infrastructure Account in the general fund of the District of Columbia, which shall consist of: (1) deposits of revenue obtained by the District which are attributable directly to the imposition and withholding of the nonresident wage tax under this Act; (2) such other amounts as may be deposited pursuant to D.C. law; and (3) interest earned on such deposits. Specifies the use of such funds.

Subjects, with exceptions, every nonresident individual employed in the District to a tax equal to two percent of wages from such employment and two percent of net earnings from self-employment, so long as there is a corresponding Federal credit.

Amends the Internal Revenue Code (relating to determination of tax liability) to allow a credit against the imposed tax in an amount equal to the amount withheld at source under this Act. Prohibits a tax deduction for such tax credit.

Requires the Secretary of the Treasury, to the maximum extent practicable, to administer the tax credit in a way which provides its benefit without any requirement to claim the credit on the taxpayer's return.

What's happening now March 14, 2002

Sponsor introductory remarks on measure. (CR H929)

 Committees of jurisdiction 2