Bill > B26-0014

This bill establishes a permanent Tax and Revenue Revision Commission as an independent agency in the District of Columbia, with a comprehensive mandate to analyze and recommend improvements to the city's tax code and revenue systems. The commission will be led by an Executive Director appointed by the Council Chairman, and supported by a 15-member Advisory Group consisting of voting and non-voting members from government, business, and community sectors. The commission will be required to conduct a comprehensive review of the District's tax code every 10 years, with the first major update due by February 12, 2025, which must include specific recommendations such as implementing a Business Activity Tax, exploring a split-rate property tax approach, analyzing progressive property tax rates, recommending long-term funding for public transit, investigating transportation demand management policies, and proposing more progressive income tax brackets. In the years between comprehensive updates, the commission will provide annual reports focusing on targeted improvements to specific revenue sources. The bill aims to enhance tax fairness, encourage business growth, broaden the tax base, increase transparency, and modernize the District's tax system through ongoing expert analysis and recommendations.

Business and Industry

https://lims.dccouncil.gov/Legislation/B26-0014