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D.C. Code § 47-1522

Levy of annual tax on personal property.

Official textus-dc/statcode.dccouncil.gov
Summarize

# (a)

Each year the district shall levy a tax against every person on the tangible personal property owned or held in trust in that person’s trade or business in the District. The rate of tax shall be $3.40 for each $100 of value of the taxable personal property, in excess of $225,000 in value.

# (b)

Construction equipment, vehicles, trailers, tools, and any other tangible personal property brought into the District on a temporary basis and used in a trade or business shall be taxed for the period that the property was physically located in the District.

# (c)

Persons owning leased personal property having a taxable situs in the District shall be subject to the tax and to the filing requirement of § 47-1524(b).

# (d)

Real property improvements that do not become an integral part of the realty shall be subject to the personal property tax imposed by subsection (a) of this section.

# (e)

Persons owning or holding in trust any tangible personal property located or having a taxable situs in the District on July 1st of the tax year that is used or available for use in a trade or business, whether or not operated for profit, shall file a return according to § 47-1524(b).

Source: official DC Code section page (code.dccouncil.gov)

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In this chapter (28 sections)
  1. 47-1501 · Assessment — Board of Assistant Assessors.
  2. 47-1502 · Assessment — Full and true value to be listed.
  3. 47-1503 · Assessment — Forms for listing of property subject to tax.
  4. 47-1504 · Warehouse property.
  5. 47-1505 · “Resident” defined.
  6. 47-1506 · Returns and values to be made at certain dates.
  7. 47-1507 · Applicable rates.
  8. 47-1508 · Exemptions.
  9. 47-1509 · Penalties.
  10. 47-1510 · Dealers in general merchandise and common carriers by…
  11. 47-1511 · Staff of Personal Tax Appraisers; appointment and duties of…
  12. 47-1512 · Rolling stock.
  13. 47-1521 · Definitions.
  14. 47-1522 · Levy of annual tax on personal property.
  15. 47-1523 · Reporting requirement; valuation of property.
  16. 47-1524 · Form of tax return; filing; extensions.
  17. 47-1525 · Filing returns; notice to party; records; examination.
  18. 47-1526 · Assessment; collection; deadline; fraudulent returns;…
  19. 47-1527 · Failure to file or fraudulent return; collection and…
  20. 47-1528 · Deficiency; request for hearing.
  21. 47-1529 · Acceleration of due date; distraint of taxpayer’s property.
  22. 47-1530 · Personal debt liability; priority; collection; “person”…
  23. 47-1531 · Failure to file; fraudulent return; penalties and interest.
  24. 47-1532 · Overpayment; credit or refund; time for filing; interest.
  25. 47-1533 · Appeal from assessment or denial of claim for refund.
  26. 47-1534 · Violations; penalties; prosecutions.
  27. 47-1535 · Rules; powers of Mayor.
  28. 47-1536 · Enforcement.
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