D.C. Tax Commission Begins Its Work
WASHINGTON (AP) — A new commission charged with finding ways to reform the District of Columbia’s tax code has begun its work.
The D.C. Tax Revision Commission is chaired by former mayor Anthony Williams.
The Washington Times reports that the 11-member body met for the first time Monday. It’s scheduled to issue its recommendations by next summer.
Mayor Vincent Gray has asked the commission to find ways to bring the tax code in step with the district’s growing population. The mayor’s priorities include growth in the city’s technology sector and potential tax breaks for businesses and elderly residents that choose to stay in the district.
D.C. Councilmember Jack Evans says the district needs to become more competitive with Virginia, which offers business-friendly tax rates and incentives.
(Copyright 2012 by The Associated Press. All Rights Reserved.)