Chairman Linda Cropp
Councilmember Harold Brazil
Councilmember Carol Schwartz
Councilmember David Catania
Councilmember Vincent Orange
Councilmember Jack Evans
Councilmember Sharon Ambrose
Councilmember Kevin Chavous
Councilmember Jim Graham
Councilmember Kathy Patterson
Councilmember Sandy Allen
Councilmember Adrian Fenty
Councilmember Phil Mendelson
A BILL IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
To amend Title 47 of the District of Columbia Code to increase the earned income tax
credit.
BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this act may be cited as
the "Earned Income Tax Credit Amendment Act of 2001 ".
Sec. 2. Section 47-1806.4 of the District of Columbia Code is amended as follows:
"(f)(1) If a return is filed for a full calendar or fiscal year beginning after
December 31, 2000, an individual who is allowed an earned income tax credit under section
32 of the Internal Revenue Code of 1986 shall be allowed a credit against the tax imposed
by this chapter for the taxable year in 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, 2000, the credit allowed under this subsection shall be
reduced to the amount that bears the same ratio to the credit computed under the
provisions of paragraph (1) of this subsection as the number of months in the period for
which the return is made bears to 12 months.
"(3) The credit allowed under this subsection shall be refundable.".
Sec. 3. The tax relief provided by this act shall be subject to the revenue impact
being accounted for in the Fiscal Year 2002 Budget and Financial Plan.
Sec. 4. 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 § 1-233(c)(3)).
Sec. 5. This act shall take effect following approval by the Mayor (or in the event of
veto by the Mayor, action by the Council to override the veto), approval by the Financial
Responsibility and Management Assistance Authority as provided in section 203(x) of the
District of Columbia Financial Responsibility and Management Assistance Act of 1995,
approved April 17, 1995 (109 Stat. 116; D.C. Code § 47-392.3(a)), a 30-day period of
Congressional review as provided in section 602(c)(1) of the District of Columbia Home
Rule Act, approved December 24, 1973 (87 Stat. 813; D.C. Code § 1-233(c)(1)), and
publication in the District of Columbia Register.