D.C. Income and Franchise Tax Conformity and Revision Temporary Amendment Act of 2025

This bill temporarily changes how the District of Columbia's income and franchise tax laws align with federal tax laws. It establishes new standard deduction amounts for individuals, estates, and trusts, which will be adjusted annually for cost of living. The bill also modifies various deductions for corporations, financial institutions, unincorporated businesses, and partnerships, including those related to research expenses, interest, and depreciation.

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