District of Columbia Economic Recovery Act

Summary

District of Columbia Economic Recovery Act - Amends the Internal Revenue Code, concerning the District of Columbia Enterprise Zone, to: (1) provide for the designation of the entire District of Columbia as the District of Columbia Enterprise Zone; and (2) treat the entire District of Columbia as an empowerment zone. Limits the net income tax of a District of Columbia resident to the sum of: (1) 15 percent of so much of District-sourced income as exceeds a defined exemption amount; and (2) the average rate of non-District-sourced adjusted gross income (as defined). Provides for an annual study and reports concerning the impact of such tax limitations.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 March 1998

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• Introduced in House (PDF)

  Introduced in House · EN · 4 March 1998

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• Introduced in House

  summary · EN · 4 March 1998

  Open at official source

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