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D.C. Code § 47-1806.07

Tax on residents and nonresidents — Reduction of top rate to goal of 8% or lower.

Official textus-dc/statcode.dccouncil.gov
Summarize

Beginning February 1, 2000, in addition to the operative rate reductions provided for in this title, the Mayor and the Council shall consider reducing the highest individual income tax rate in § 47-1806.03 to a goal of 8% or lower, if:

# (1)

the Comprehensive Annual Financial Report for the immediately preceding fiscal year shows that actual local source general fund revenue exceeds the original forecast of such revenue presented in the immediately preceding fiscal year’s budget submission to Congress;

# (2)

The Chief Financial Officer certifies that less than half of the excess local source general fund revenue for the immediately preceding fiscal year is derived from non-recurring sources;

# (3)

The Chief Financial Officer certifies that the nominal GDP growth is greater than or equal to 3.5%, and the real GDP growth is greater than or equal to 1.7%; and

# (4)

The Mayor and the Council shall consider the need for further tax reductions in conjunction with other government needs.

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

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In this chapter (40 sections)
  1. 47-1804.01 · Accounting periods — Computation of income.
  2. 47-1804.02 · Accounting periods — Period in which items of gross income…
  3. 47-1804.03 · Accounting periods — Period for which deductions and…
  4. 47-1804.04 · Income from installment sales.
  5. 47-1804.05 · Inventories.
  6. 47-1804.06 · Authority to reject returns.
  7. 47-1804.07 · Amount.
  8. 47-1805.01 · Returns — Forms.
  9. 47-1805.02 · Returns — Persons required to file.
  10. 47-1805.03 · Returns — Filing.
  11. 47-1805.04 · Returns — Divulgence of information.
  12. 47-1805.05 · Returns — Certification by Qualified High Technology…
  13. 47-1805.02a · Combined reporting required.
  14. 47-1805.02b · Transition from the Joyce method of apportionment to the…
  15. 47-1806.01 · Tax on residents and nonresidents — “Taxable income”…
  16. 47-1806.02 · Tax on residents and nonresidents — Personal exemptions.
  17. 47-1806.03 · Tax on residents and nonresidents — Imposition and rates.
  18. 47-1806.04 · Tax on residents and nonresidents — Credits — In general.
  19. 47-1806.05 · Tax on residents and nonresidents — Credits — Campaign…
  20. 47-1806.06 · Tax on residents and nonresidents — Credits — Property…
  21. 47-1806.07 · Tax on residents and nonresidents — Reduction of top rate…
  22. 47-1806.08 · Tax on residents and nonresidents; credits; targeted…
  23. 47-1806.09 · Tax on residents and nonresidents; credits; lower income,…
  24. 47-1806.10 · Income averaging — Employment discrimination.
  25. 47-1806.11 · Tax on residents and nonresidents — Credits — Energy…
  26. 47-1806.12 · Tax on residents and non-residents — Credits — Alternative…
  27. 47-1806.13 · Tax on residents and non-residents — Credits — Alternative…
  28. 47-1806.14 · Tax on residents and nonresidents — Credits — Tax credit…
  29. 47-1806.15 · Keep child care affordable tax credit.
  30. 47-1806.16 · Tax on residents and nonresidents - Credits - Tax credit…
  31. 47-1806.17 · Child tax credit.
  32. 47-1806.04a · Public outreach for earned income tax credit.
  33. 47-1806.08a · Tax on residents and nonresidents — Credits — Targeting…
  34. 47-1806.08b · Tax on residents and nonresidents — Refund of credit.
  35. 47-1806.08c · Tax on residents and nonresidents — Credits — Targeted…
  36. 47-1806.08d · Tax on residents and nonresidents — Credits — Targeted…
  37. 47-1806.08e · Tax on residents and nonresidents — Credits — Targeted…
  38. 47-1806.08f · Tax on residents and nonresidents — Credits — Targeted…
  39. 47-1806.08g · Tax on residents and nonresidents — Credits — Targeted…
  40. 47-1806.09a · Tax on residents and nonresidents; credits; lower income,…
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