Are Lower Tax Rates Coming to D.C.?

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Many taxpayers in the District could be paying less tax in years to come if the tax reform proposals of the D.C. Tax Revision Commission are ultimately enacted. The recommendations include reductions in tax rates for both individual and business taxpayers.

The Commission, which finalized its recommendations on December 18, 2013, is an 11-member independent body appointed by the Mayor and the Chairman of the D.C. Council in 2011 in order to make recommendations that would broaden the District’s tax base, make the District more competitive with surrounding jurisdictions, encourage business growth and job creation, and simplify the …read more

Read more here: Technology

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