Pub. L. 89-610, tit. VII, sec. 701
Pub. L. 89-610, tit. VII, sec. 701
Sec. 701. Section 3 of title VI of the District of Columbia Income and Franchise Tax Act of 1947 (D.C. Code, sec. 47–1567b(a)), is amended to read as follows: “Sec. 3. Imposition and Rates of Tax.—There is hereby annually levied and imposed for each taxable year upon the taxable income of every resident a tax at the following rates: “Two and one-half per centum on the first $2,000 of taxable income. “Three per centum on the next $2,000 of taxable income. “Three and one-half per centum on the next $2,000 of taxable income. “Four per centum on the next $2,000 of taxable income. “Four and one-half per centum on the next $2,000 of taxable income. “Five per centum on the taxable income in excess of $10,000.”