Wealth Proceeds Tax Amendment Act of 2026 imposes a tax on wealth holdings of high-income households in the District of Columbia.

The Wealth Proceeds Tax Amendment Act of 2026 amends Chapter 18 of Title 47 of the District of Columbia Official Code to establish a tax on proceeds or profits generated by wealth holdings of high-income households. The tax is equal to 3 percent of the lesser of wealth proceeds or federal modified adjusted gross income, less a threshold amount. The tax applies to various filing statuses and includes specific adjustments for interest on U.S. obligations and state and local government obligations.

Wealth Proceeds Tax Amendment Act of 2026 imposes a tax on wealth holdings of high-income households in the District of Columbia.

The Wealth Proceeds Tax Amendment Act of 2026 amends Chapter 18 of Title 47 of the District of Columbia Official Code to establish a tax on proceeds or profits generated by wealth holdings of high-income households. The tax is equal to 3 percent of the lesser of wealth proceeds or federal modified adjusted gross income, less a threshold amount. The tax applies to various filing statuses and includes specific adjustments for interest on U.S. obligations and state and local government obligations.