District Of Columbia § 47-181 - Tax reform procedure and priority.
Full text of District Of Columbia D.C. Code § 47-181 — Tax reform procedure and priority., with citation guidance and answers to common questions.
§ 47-181. Tax reform procedure and priority.
47-181If local Fiscal Year 2016 recurring annual revenues included in the quarterly revenue estimate issued in September 2015 exceed the annual revenue estimate incorporated in the approved budget and financial plan for Fiscal Year 2016, the additional revenue shall be used to implement the provisions set forth in the Tax Revision Commission Implementation Amendment Act of 2014, effective February 26, 2015 (; 61 DCR 9990) (“TRC Act”), according to the priority set forth in subsection (c) of this section, for taxable years beginning or deaths occurring, as applicable, after December 31, 2015; provided, that the Chief Financial Officer shall recalculate the cost of the provisions of the TRC Act with the September 2015 estimate.
After the Fiscal Year 2016 budget and financial plan has been approved by the District, any recurring revenues in a February revenue estimate preceding any subsequent fiscal year, net of the dedication required by , that exceed the local revenue incorporated in the approved budget and financial plan for that year shall be used to continue implementation of the TRC Act according to the priority set forth in subsection (c) of this section for taxable years beginning or deaths occurring, as applicable, after December 31 of the year of the applicable February estimate.
The tax reform provisions of this section shall be implemented in the following priority:
Reduce the rate on the new individual income tax middle bracket of $40,000 - $60,000 from 7.0% to 6.75%;
Create new individual income tax brackets of $350,000 to $1 million at 8.75% and in excess of $ 1 million at 8.95%;
Reduce the unincorporated and incorporated business franchise tax from 9.4% to 9.2%;
Reduce the rate on the new individual income tax middle bracket of $40,000 - $60,000 from 6.75% to 6.5%;
Reduce the unincorporated and incorporated business franchise tax from 9.2% to 9.0%:
Raise the estate tax threshold from $1 million to $2 million;
Raise the standard deduction from $5,200 for singles, $6,500 for Head of Household, and $8,350 for married to $5650 for singles, $7,800 for Head of Household, and $10,275 for married;
Increase the personal exemption from $1,675 to $2,200;
Raise the standard deduction from $5,650 for singles, $7,800 for Head of Household, and $10,275 for married to conform to the federal level;
Increase the personal exemption from $2,200 to $2,700;
Reduce the unincorporated and incorporated business franchise tax from 9.0% to 8.75%;
Increase the personal exemption from $2,700 to $3,200;
Raise the estate threshold from $2 million to conform to the federal level;
Reduce unincorporated and incorporated business franchise tax from 8.75% to 8.5%;
Increase the personal exemption from $3,200 to $3,700;
Reduce unincorporated and incorporated business franchise tax from 8.5% to 8.25%; and
Increase the personal exemption from $3,700 to conform to the federal level, and repeal the low income credit.
Unfunded provisions of the TRC Act shall not apply until their fiscal effect is provided for pursuant to this section.
The cost of the tax policy reforms authorized by subsections (a) and (b) of this section shall be recalculated on an annual basis and reported in each February revenue estimate.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 47-181
What does D.C. Code § 47-181 cover?
Section 47-181 ("Tax reform procedure and priority.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 47-181?
A common citation format is "D.C. Code § 47-181" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 47-181 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.