Pub. L. 90-450, tit. II, sec. 201

Pub. L. 90-450, tit. II, sec. 201

EnactedYear: 1968Length: 131 wordsOfficial source
Sec. 201. 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,—In the case of a taxable year beginning after December 31, 1967, there is hereby imposed on the taxable income of every resident a tax determined in accordance with the following table: “If the taxable income is: The tax is: Not over $1,000 2% of the taxable income. Over $1,000 but not over $3,000 $20 plus 3% of excess over $1,000. Over $3,000 but not over $5,000 $80 plus 4% of excess over $3,000. Over $5,000 but not over $10,000 $160 plus 5% of excess over $5,000. Over $10,000 $410 plus 6% of excess over $10,000.”
Pub. L. 90-450, tit. II, sec. 201 | Justis AI