D.C. Tax Reform Passes After Council Overrides Mayor’s Veto

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On July 14th, the District of Columbia Council voted 12 to 1 to override Mayor Vincent Gray’s veto of the District’s Fiscal Year 2015 Budget Support Act of 2014 (B20-0749). The legislation includes tax rate decreases for both individuals and businesses, as well as the heavily publicized “yoga tax” (i.e., sales tax on health club memberships). Many of the tax reform items were last minute changes to the budget, most of which were recommended to the Council last December by the D.C. Tax Revision Commission. The tax reform items are aimed at making …read more

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