{"database": "openregs", "table": "legislation", "rows": [["104-s-1988", 104, "s", 1988, "District of Columbia Economic Recovery Act", "Taxation", "1996-07-24", "1996-07-24", "Read twice and referred to the Committee on Finance.", "Senate", "Sen. Mack, Connie, III [R-FL]", "FL", "R", "M000019", 5, "District of Columbia Economic Recovery Act - Amends the Internal Revenue Code to allow residents of the District of Columbia to elect to limit their net income tax to the sum of:  (1) 15 percent of so much District-sourced income as exceeds the exemption amount; and (2) the average rate of the non-District-sourced adjusted gross income. Excludes from gross income the capital gain on a District asset held over three years, but excludes only 50 percent of the capital gain on residential rental property held by non-District residents over three years. Allows a taxpayer to elect to treat any qualified environmental remediation expenditure involving a District site as an expense that is not chargeable to capital account.  Allows a deduction for any expenditure so treated. Allows a first-time home buyer of a principal residence in the District a credit of up to $5,000.", "2025-08-21T20:14:46Z", "https://www.congress.gov/bill/104th-congress/senate-bill/1988"]], "columns": ["bill_id", "congress", "bill_type", "bill_number", "title", "policy_area", "introduced_date", "latest_action_date", "latest_action_text", "origin_chamber", "sponsor_name", "sponsor_state", "sponsor_party", "sponsor_bioguide_id", "cosponsor_count", "summary_text", "update_date", "url"], "primary_keys": ["bill_id"], "primary_key_values": ["104-s-1988"], "units": {}, "query_ms": 0.2623230102472007, "source": "Federal Register API & Regulations.gov API", "source_url": "https://www.federalregister.gov/developers/api/v1", "license": "Public Domain (U.S. Government data)", "license_url": "https://www.regulations.gov/faq"}