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.