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Post details: District of Columbia --Corporate and Personal Income, Sales and Use Taxes: Second FY 2010 Budget Support Approved
12/31/09
District of Columbia --Corporate and Personal Income, Sales and Use Taxes: Second FY 2010 Budget Support Approved
CCH (cch.taxgroup.com) reports:
 Recently approved District of Columbia permanent legislation provides for several changes affecting the corporate and personal income and sales and use tax provisions. Specifically, the legislation approves combined reporting, decoupling, the disallowance of certain related party transactions, tax amnesty, a reduction of the threshold for electronic payments, and a freeze on the standard deduction and personal exemption amounts until 2013. Additionally, the legislation increases the general sales and use tax rate to 6% (previously, 5.75%), for the period beginning October 1, 2009, and ending September 30, 2012, amends the taxation of premium cigars, and repeals the District's sales tax holiday.
 Details regarding the corporate and personal income tax changes were previously reported on an emergency basis. (TAXDAY, 2009/08/28, S.4 ; TAXDAY, 2009/10/30, S.3) Details regarding the sales and use tax changes were also previously reported on an emergency basis. (TAXDAY, 2009/08/28, S.6; TAXDAY, 2009/10/29, S.5)
Act 18-255 (D.C.B. 18-255), Laws 2009, approved December 18, 2009, effective after a 30-day congressional review period
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