§ 47-1807.01. Tax on corporations--Definitions.

Current through October 23, 2012

For purposes of this subchapter, the term:

(1) "Corporation" shall, for taxable years beginning after December 31, 1980, include financial institutions.

(2) "Taxable income" means the amount of net income derived from sources within the District within the meaning of §§ 47-1810.01 to 47-1810.03.

(3) "Taxable period" means a taxable year or a portion of a taxable year.

                
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(July 16, 1947, 61 Stat. 345, ch. 258, art. I, title VII, § 1; Sept. 26, 1984, D.C. Law 5-113, § 302(a)(1), 31 DCR 3974; Oct. 1, 1987, D.C. Law 7- 29, § 2(g)(1), 34 DCR 5097; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 47-1807.1.

1973 Ed., § 47-1571.

Legislative History of Laws

Law 5-113, the "District of Columbia Revenue Act of 1984," was introduced in Council and assigned Bill No. 5-370, which was referred to the Committee on Finance and Revenue. The Bill was adopted on first and second readings on June 26, 1984 and July 10, 1984, respectively. Signed by the Mayor on July 13, 1984, it was assigned Act No. 5-164 and transmitted to both Houses of Congress for its review.

For legislative history of D.C. Law 7-29, see Historical and Statutory Notes following § 47-1801.01a.

Miscellaneous Notes

Mayor authorized to issue rules: See second paragraph of note to § 47-2601.