Councilmember Jack Evans
A BILL IN THE COUNCIL OF THE DISTRICT OF
COLUMBIA
Councilmember Jack Evans introduced
the following bill, which was referred to the Committee on Finance and Revenue.
To amend Title 47 of the District of
Columbia Code to provide an earned income tax credit against the individual income tax.
BE IT ENACTED BY THE COUNCIL OF THE
DISTRICT OF COLUMBIA, That this act may be cited as the "Earned Income Tax Credit Act
of 2000".
Sec. 2. Individual Income Tax.
Section 47-1806.4 of the District of Columbia Code is amended by adding a new subsection
(f) at the end thereof to read as follows:
"(f)(1) If a return is filed for
a full calendar or fiscal year beginning after December 31, 1999, an individual who is
allowed an earned income tax credit under section 32 of the Internal Revenue Code of 1986,
shall be allowed against the tax imposed by this chapter for the taxable year, an amount
equal to 25% of the earned income tax credit allowed under section 32 of the Internal
Revenue Code of 1986.
"(2) If a return is filed for a
period of less than a full calendar or fiscal year beginning after December 31, 1999, the
credit allowed under this subsection shall be the credit calculated according to the
provisions of paragraph (1) of this subsection, multiplied times the ratio that the earned
income tax credit allowed under section of the Internal Revenue Code of 1986 for the
period for which the return is filed bears to the earned income tax credit allowed under
section of the Internal Revenue Code of 1986 for the whole taxable year."(3) The credit allowed under
this subsection shall be refundable.".
Sec. 3. Fiscal Impact.
The Council adopts the fiscal impact
statement in the Committee Report as the fiscal impact statement required by section
602(c)(3) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat.
813; D.C. Code, sec. 1-233(c)(3)).
Sec. 4. Effective Date.
This act shall take effect upon its
enactment (approval by the Mayor, or in the event of veto by the Mayor, override of the
veto by the Council), and approval by the Financial Responsibility and Management
Assistance Authority as provided in section 203(a) of the District of Columbia Financial
Responsibility and Management Assistance Act- of 1995, approved April 17, 1995 (109 Stat.
116; D.C. Code, sec. 47-392.3(a)), a 30-day period of Congressional review as provided in
section 602(c)(2) of the District of Columbia Self-Government and Governmental
Responsibility Act, approved December 24, 1973 (87 Stat. 813; D.C. Code, sec.
1-233(c)(2)), and publication in the District of Columbia Register.