I 
113TH CONGRESS 
1ST SESSION H. R. 3272 
To amend the Internal Revenue Code of 1986 to extend certain tax incentives 
for investment in the District of Columbia. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 7, 2013 
Ms. NORTON introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to extend 
certain tax incentives for investment in the District of 
Columbia. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited ‘‘District of Columbia Incen-
tives for Business and Individual Investment Act’’. 
SEC. 2. EXTENSION OF CERTAIN TAX INCENTIVES FOR IN-
VESTMENT IN THE DISTRICT OF COLUMBIA. 
(a) IN GENERAL.—Subsection (f) of section 1400 of 
the Internal Revenue Code of 1986 is amended by striking 
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‘‘December 31, 2011’’ each place it appears and inserting 
‘‘December 31, 2015’’. 
(b) 
TAX-EXEMPT
DC 
EMPOWERMENT
ZONE 
BONDS.—Subsection (b) of section 1400A of such Code 
is amended to read as follows: 
‘‘(b) PERIOD OF APPLICABILITY.—This section shall 
apply to bonds issued— 
‘‘(1) during the period beginning on January 1, 
1998, and ending on December 31, 2011, and 
‘‘(2) during the period beginning on the date of 
the enactment of this paragraph and ending on De-
cember 31, 2015.’’. 
(c) ZERO-PERCENT CAPITAL GAINS RATE.— 
(1) ACQUISITION DATE.—Paragraphs (2)(A)(i), 
(3)(A), 
(4)(A)(i), 
and 
(4)(B)(i)(I) 
of 
section 
1400B(b) of such Code are each amended by strik-
ing ‘‘January 1, 2012’’ and inserting ‘‘January 1, 
2016’’. 
(2) LIMITATION ON PERIOD OF GAINS.— 
(A) IN GENERAL.—Paragraph (2) of sec-
tion 1400B(e) of such Code is amended— 
(i) by striking ‘‘December 31, 2016’’ 
and inserting ‘‘December 31, 2020’’; and 
(ii) by striking ‘‘2016’’ in the heading 
and inserting ‘‘2020’’. 
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(B) PARTNERSHIPS AND S-CORPS.—Para-
graph (2) of section 1400B(g) of such Code is 
amended by striking ‘‘December 31, 2016’’ and 
inserting ‘‘December 31, 2020’’. 
(d) FIRST-TIME HOMEBUYER CREDIT.—Subsection 
(i) of section 1400C of such Code is amended by striking 
‘‘January 1, 2012’’ and inserting ‘‘January 1, 2016’’. 
(e) EFFECTIVE DATES.— 
(1) IN
GENERAL.—Except as otherwise pro-
vided in this subsection, the amendments made by 
this section shall apply to periods after December 
31, 2011. 
(2) TAX-EXEMPT
DC
EMPOWERMENT
ZONE 
BONDS.—The amendment made by subsection (b) 
shall apply to bonds issued after the date of the en-
actment of this Act. 
(3) ACQUISITION
DATES
FOR
ZERO-PERCENT 
CAPITAL GAINS RATE.—The amendments made by 
subsection (c) shall apply to property acquired or 
substantially improved after December 31, 2011. 
(4) HOMEBUYER
CREDIT.—The amendment 
made by subsection (d) shall apply to homes pur-
chased after December 31, 2011. 
Æ 
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