The D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025 revises income tax deductions and credits.
The D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025 modifies the District of Columbia's income tax laws. It introduces new deductions for classroom teacher expenses and capital gains from qualified opportunity funds. It also revises the standard deduction rules and modifies the treatment of certain business and investment-related deductions. The act applies to taxable years beginning on or after January 1, 2025, and includes a fiscal impact statement.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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