District of Columbia Economic Recovery Act - Amends the Internal Revenue Code to set forth a limitation on 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.
Sponsor introductory remarks on measure. (CR H3239)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR H3735)
Sponsor introductory remarks on measure. (CR E705)
Sponsor introductory remarks on measure. (CR H5552)
Sponsor introductory remarks on measure. (CR H8602)
Sponsor introductory remarks on measure. (CR E1690)
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