District of Columbia Council Enacts FY 2026 Budget Support Act, Includes Tax Provisions

The District of Columbia Council enacted and amended the Fiscal Year (FY) 2026 Budget Support Act of 2025. The law includes: 1) a 7.5 percent tax rate on the gross receipts from the sale of or charges collected to play commercial bingo; 2) provisions on property tax exemption; 3) a 6 percent tax rate gross receipts from the sale of or charges for medical cannabis; 4) changes to sales tax implementation; 5) provisions on hotel tax; 6) repealing a specific provision on child tax credit; and 7) provisions on reservoir district, nonprofit solar and parkside tax exemption. The law takes ...