H.R. 3272: District of Columbia Incentives for Business and Individual Investment Act

113th Congress · introduced 2013-10-07 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Follow this bill, step by step

Where it came from: introduced 2013-10-07 · official record
Who proposed it: Del. Norton, Eleanor Holmes [D-DC-At Large] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Ways and Means. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

District of Columbia Incentives for Business and Individual Investment Act

Plain summary

District of Columbia Incentives for Business and Individual Investment Act - Amends the Internal Revenue Code, with respect to tax incentives for investment in the District of Columbia, to: (1) reauthorize provisions for designating a District of Columbia Enterprise Zone and extend the deadline for such designation until December 31, 2015; (2) reauthorize the issuance authority for District of Columbia tax-exempt economic development bonds and extend until December 31, 2015, the deadline for issuing such bonds; (3) extend through 2015 the period for acquiring DC Zone assets (i.e., DC Zone business stock, partnership interests, and business property) eligible for an exemption from capital gains tax and through 2020 the period during which gain from the sale of such assets shall qualify for such exemption; and (4) extend through December 31, 2015, the deadline for purchasing a residence in the District of Columbia to qualify for the first-time District of Columbia homebuyers tax credit.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

District of Columbia Incentives for Business and Individual Investment Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Del. Norton, Eleanor Holmes [D-DC-At Large] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Sponsor's campaign money: Del. Norton, Eleanor Holmes [D-DC-At Large] reported raising $53,775 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Bond: A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.
Capital gains: The profit from selling something you own, such as stock or real estate, for more than you paid. A capital gains tax is a tax on that profit.
Exemption: A rule that removes certain people, property or activities from a tax or requirement.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-113hr3272.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/113/hr>

Record fed-us-cong113-hr3272 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113