{"data":{"id":"us-dc/d.c.-code-47-1806.07","jurisdiction":"us-dc","citation":"D.C. Code § 47-1806.07","heading":"Tax on residents and nonresidents — Reduction of top rate to goal of 8% or lower.","body":"Beginning February 1, 2000, in addition to the operative rate reductions provided for in this title, the Mayor and the Council shall consider reducing the highest individual income tax rate in § 47-1806.03 to a goal of 8% or lower, if:\n\n(1)\nthe Comprehensive Annual Financial Report for the immediately preceding fiscal year shows that actual local source general fund revenue exceeds the original forecast of such revenue presented in the immediately preceding fiscal year’s budget submission to Congress;\n\n(2)\nThe Chief Financial Officer certifies that less than half of the excess local source general fund revenue for the immediately preceding fiscal year is derived from non-recurring sources;\n\n(3)\nThe Chief Financial Officer certifies that the nominal GDP growth is greater than or equal to 3.5%, and the real GDP growth is greater than or equal to 1.7%; and\n\n(4)\nThe Mayor and the Council shall consider the need for further tax reductions in conjunction with other government needs.","path":["Title 47. Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]","Chapter 18. Income and Franchise Taxes.","Subchapter VI. Tax on Residents and Nonresidents."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/47-1806.07","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"b376d032e7f3b543b206c895132b245e33c16f26e1033f81c5700ef38115f7cd","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-47-1806.06","next":"us-dc/d.c.-code-47-1806.08"},"notice":"GroundRules: Original legal text. Not legal advice."}