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Local Taxes

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Congress blocks DC tax decoupling, risking $600 million in revenue
politics4 hours ago

Congress blocks DC tax decoupling, risking $600 million in revenue

The House voted to block Washington, D.C., from decoupling its local tax code from President Trump’s federal tax cuts, a move city officials say would cost hundreds of millions in revenue and require a months-long suspension of the local tax filing season; if approved by the Senate, the disruption could extend to the city’s tax system.