D.C. Moves Closer to Significant Tax Reform

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On June 24, 2014, the District of Columbia Council will have its second vote on the District’s fiscal year 2015 budget (Fiscal Year 2015 Budget Support Act of 2014, B20-0750), which includes tax rate decreases for both individuals and businesses. The reduced tax rates, and a number of other tax reform items, were last minute amendments to the budget that passed the initial vote on May 28th by an 11-2 margin. The last minute changes to the budget implemented many of the proposals recommended to the Council in December 2013 by the D.C. Tax Revision Commission. The tax …read more

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