District of Columbia Economic Renaissance Act of 2000

Summary

District of Columbia Economic Renaissance Act of 2000 - Amends the Internal Revenue Code to allow residents of the District of Columbia (DC) to elect to limit their net income tax to the sum of: (1) 15 percent of so much District-sourced income as exceeds the exemption amount (as defined); and (2) the average rate of the non-District-sourced adjusted gross income (as defined). Provides, with respect to the zero percent capital gains rate currently applicable only to the sale of DC Zone assets, that the DC Zone shall include all DC census tracts. Makes the first-time homebuyer credit for DC permanent. Excludes certain DC source income for purposes of the alternative minimum tax.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 18 October 2000

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 18 October 2000

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• Introduced in Senate

  summary · EN · 18 October 2000

  Open at official source

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