News

DC Council’s Proposed FY 2019 Budget is Released

The District of Columbia Council has released its proposed FY2019 budget for the period beginning July 1, 2018. Proposed tax changes include:

  • Modifications to the commercial property tax rates and new tax credits
  • Increase in the hotel tax
  • New tax credits for grocery stores, retail and sit-down restaurants in Wards 7&8, including recordation/transfer tax waiver

For a complete analysis and documents, visit the Office of the Budget Director’s statement and see this analysis from the Tax Foundation.