Source: https://development.code.dccouncil.us/dc/council/code/sections/1-301.157.html
Timestamp: 2019-04-21 02:38:34+00:00

Document:
D.C. Law Library - § 1–301.157. Tax preference review.
↪ Part I. Chief Financial Officer Additional Duties.
↪ § 1–301.157. Tax preference review.
Part J. District of Columbia Auditor Subpoena and Oath Authority.
§ 1–301.157. Tax preference review.
(a) The CFO shall review all locally adopted tax expenditures on a 5-year cycle and publish annually a report complying with the requirements of this section.
(b) By October 1, 2015, and by October 1 of every year thereafter, the CFO shall submit for publication in the District of Columbia Register a report for on-cycle tax preferences that complies with the requirements of this section.
(1) An individual preference shall be analyzed and reported in groupings of similarly purposed preferences, with the report focusing on collective effects or trends that emerge.
(2) The report shall include the stated purpose of the of tax preferences within the grouping, if clarified in the authorizing legislation.
(3) The report shall include the amount of lost revenue due to the tax preferences within the grouping.
(4) The report shall include an assessment of the general effects on the District resulting from the preferences.
(5) The report on groupings of individual preferences shall include recommendations on how to improve similar preferences in the future.
(H) Whether any terms of the tax preferences have been or are being satisfied.
(D) The indirect economic impact effect of the tax preference.
(4) Whether the preference is required by Chapter 2 of this title [§ 2-201.01 et seq.].
(4) A description of the beneficiaries of the tax preference.
(h) All District agencies, offices, and instrumentalities shall cooperate with the CFO and shall provide any records, information, data, and data analysis needed to complete the reviews and reports required by this section.
For temporary (90 days) addition of section, see § 7143 of the Fiscal Year 2015 Budget Support Emergency Act of 2014 (D.C. Act 20-377, July 14, 2014, 61 DCR 7598, 20 STAT 3696).
For temporary (90 days) addition of section, see § 7133 of the Fiscal Year 2015 Budget Support Congressional Review Emergency Act of 2014 (D.C. Act 20-449, October 10, 2014, 61 DCR 10915, 20 STAT 4188).
For temporary (90 days) addition of section, see § 7133 of the Fiscal Year 2015 Budget Support Second Congressional Review Emergency Act of 2014 (D.C. Act 20-566, January 9, 2015, 62 DCR 884, 21 STAT 541).

References: § 1
 § 1

§ 1
 § 7143
 § 7133
 § 7133