Omnibus District of Columbia Tax Incentive Recovery Act of 2000

Summary

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.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 May 2000

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• Introduced in House (PDF)

  Introduced in House · EN · 2 May 2000

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• Introduced in House

  summary · EN · 2 May 2000

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