§ 47-1816.03. Report by Mayor concerning amendment, repeal, or replacement of Internal Revenue Code.

Current through October 23, 2012

(a) Within 90 days after any amendment, repeal, or replacement of the Internal Revenue Code of 1986, as that term is defined in § 47-1801.04(28A), the Mayor shall report to the Council of the District of Columbia concerning the amendment, repeal, or replacement. The report shall include, but not be limited to, an analysis of the impact of conformity to the amendment, repeal, or replacement on District of Columbia taxpayers, and on District of Columbia government revenues for 5 years thereafter, and a recommendation as to whether any change in District of Columbia law should be made as a result of the amendment, repeal, or replacement. The Mayor shall publish the report in the District of Columbia Register.

(b) On or before July 1, 1988, the Mayor shall report to Council concerning taxpayers whose tax liability exceeds the amount by which their taxable income exceeds the tax threshold, as defined in § 47-1806.04(e). The report shall include:

(1) An assessment of the number and income levels of the taxpayers affected;

(2) Methods for, and the revenue impact of eliminating these tax liabilities; and

(3) The Mayor's recommendation as to what action, if any, should be taken.

                
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(Oct. 8, 1983, D.C. Law 5-32, § 8, 30 DCR 4013; Oct. 1, 1987, D.C. Law 7- 29, § 3, 34 DCR 5097; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575; June 24, 2000, D.C. Law 13-126, § 3, 47 DCR 2643.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 47-1816.3.

Effect of Amendments

D.C. Law 13-126, in subsec. (a) substituted "§ 47-1801.4(28A)" for "§ 47- 1801.4(28), and added "The Mayor shall publish the report in the District of Columbia Register".

Emergency Act Amendments

For temporary (90-day) amendment of section, see § 3 of the Tax Conformity Congressional Review Emergency Act of 2000 (D.C. Act 13-330, May 9, 2000, 47 DCR 4361).

Legislative History of Laws

Law 5-32, the "District of Columbia Income and Franchise Tax Conformity Act of 1983," was introduced in Council and assigned Bill No. 5-103, which was referred to the Committee on Finance and Revenue. The Bill was adopted on first and second readings on June 28, 1983 and July 12, 1983, respectively. Signed by the Mayor on July 21, 1983, it was assigned Act No. 5-54 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.

Law 13-126, the "Tax Conformity Act of 2000," was introduced in Council and assigned Bill No. 13-86, which was referred to the Committee on Finance and Revenue. The Bill was adopted on first and second readings on February 1, 2000, and March 7, 2000, respectively. Signed by the Mayor on March 22, 2000, it was assigned Act No. 13-296 and transmitted to both Houses of Congress for its review. D.C. Law 13-126 became effective on June 24, 2000.

Miscellaneous Notes

Mayor authorized to issue regulations: Section 9 of D.C. Law 5-32 provided that the Mayor shall issue regulations necessary to carry out the provisions of the act.