District Of Columbia § 47-368.03 - Reduction in rates for certain excise taxes.
Full text of District Of Columbia D.C. Code § 47-368.03 — Reduction in rates for certain excise taxes., with citation guidance and answers to common questions.
§ 47-368.03. Reduction in rates for certain excise taxes.
47-368.03For the purposes of this section, the amount identified in a revenue estimate shall exclude one-time revenue as certified by the Chief Financial Officer of the District of Columbia (“CFO”).
Repealed.
Repealed.
Repealed.
Repealed.
The CFO shall, within 30 days of determination of the annual revenue estimate made in the 4th quarter of a fiscal year, certify the variance from the annual revenue estimate in the approved financial plan and budget for that fiscal year and submit the certification to the Council and the Mayor.
If the variance results in a rate reduction in accordance with subsections (b), (c), or (d) of this section, the Mayor shall publish in the District of Columbia Register the new rate that shall apply.
A rate reduction in accordance with subsections (b), (c), or (d) of this section shall apply as of January 1 of the next fiscal year.
Annotations
Applicability: Section 202 of provided that section 201(a) and (b)(1) through (3) of the act shall apply as if January 1, 2005.
“(4) An amount not to exceed $132,600 for the Police and Fire Clinic for costs associated with processing disability retirement cases.”
“(3) An amount not to exceed $256,000 to the DC Police and Firefighters Retirement & Relief Board for the increased cost of processing retirement hearings and rulings; and
“(2) An amount not to exceed $1,200,000 to the District of Columbia Public Library for general operations;
“(1) An amount not to exceed $2 million to the Office of Property Management for the costs of transitional office space;
Section 1234 of provided: “The additional annual revenue certified by the Chief Financial Officer of the District of Columbia which exceeds the annual revenue estimate incorporated in the approved financial plan and budget as of May 14, 2004 shall be allocated and expended in fiscal year 2005 in the following order of priority:
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 47-368.03
What does D.C. Code § 47-368.03 cover?
Section 47-368.03 ("Reduction in rates for certain excise taxes.") 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 § 47-368.03?
A common citation format is "D.C. Code § 47-368.03" (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 § 47-368.03 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.