Source: http://dccode.elaws.us/code?no=47-1522
Timestamp: 2019-11-18 12:08:45
Document Index: 310578454

Matched Legal Cases: ['§ 47', '§ 47', '§ 47', '§ 106', '§ 2702', '§ 47', '§ 47']

§ 47-1522. Levy of annual tax on personal property.
(a) Each year the district shall levy a tax against every person on the tangible personal property owned or held in trust in that person's trade or business in the District. The rate of tax shall be $3.40 for each $100 of value of the taxable personal property, in excess of $225,000 in value.
(c) Persons owning leased personal property having a taxable situs in the District shall be subject to the tax and to the filing requirement of § 47- 1524(b).
1981 Ed., § 47-1522.
D.C. Law 17-123, in subsec. (a), substituted "$225,000" for "$50,000".
For temporary (225 day) amendment of section, see § 106 of Omnibus Budget Support Temporary Act of 1992 (D.C. Law 9-134, July 23, 1992, law notification 39 DCR 5815).
D.C. Law 13-38 in subsec. (a) inserted the phrase ", in excess of $50,000 in value" immediately following the phrase "The rate of tax shall be $3.40 for each $100 of value of the taxable personal property".
For temporary (90-day) amendment of section, see §§ 2702(d) and 2703(b) of the Service Improvement and Fiscal Year 2000 Budget Support Emergency Act of 1999 (D.C. Act 13-110, July 28, 1999, 46 DCR 6320).
For legislative history of D.C. Law 9-145, see Historical and Statutory Notes following § 47-1508.
For Law 17-123, see notes following § 47-812.