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HR 5186 109th Congress House

District of Columbia Tax Incentives Improvement Act of 2006

Official title: To amend the Internal Revenue Code of 1986 to replace the expired tax benefits for the DC Zone, and for other purposes.

Introduced: April 25, 2006 Introduced by: Norton, Eleanor Holmes Democratic · District of Columbia See on congress.gov
Taxation BondsBuilding constructionBuildingsCapital gains tax
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CommerceDepressed areasDistrict of ColumbiaEconomics and Public FinanceEnterprise zonesFinance and Financial SectorGovernment Operations and PoliticsHome ownershipHousing and Community DevelopmentIncome taxLabor and EmploymentLocal financeLocal taxationPartnershipsSmall businessState taxationStocksTax creditsTax ratesTax-exempt securitiesUnemploymentUrban affairs
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 25, 2006
Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Government Reform, 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.
Apr 25, 2006
Sponsor introductory remarks on measure. (CR E592)
Apr 25, 2006
Introduced in House
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 Latest action April 25, 2006

Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Government Reform, 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.

 Plain-English summary Congressional Research Service

District of Columbia Tax Incentives Improvement Act of 2006 - Amends the Internal Revenue Code to establish until December 31, 2009, a DC Development Target Area and a DC Employment Target Area as empowerment zones to provide tax incentives for investment and economic development in the District of Columbia.

Reinstates with modified provisions the exclusion from gross income of all gain from the sale or exchanges of an expanded DC Zone asset held for more than five years. Includes as an expanded DC Zone asset certain business stock, partnership interests, and business property purchased or acquired in a District of Columbia enterprise zone after December 31, 1997, and before January 1, 2010.

Increases the amount of the tax credit for first-time District of Columbia homebuyers to $10,000 and extends such credit through 2009.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
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APA
U.S. Congress. (2026). H.R. 5186: District of Columbia Tax Incentives Improvement Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-HR-5186/
MLA
"H.R. 5186: District of Columbia Tax Incentives Improvement Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-5186/.
Bluebook (legal)
H.R. 5186, 109th Cong. (2026), https://openamerica.io/bill/109-HR-5186/.
Markdown link
[H.R. 5186: District of Columbia Tax Incentives Improvement Act of 2006](https://openamerica.io/bill/109-HR-5186/)
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