4686281 Resolution 20-356, “Tax Exemption for Teacher Awards Emergency Declaration Resolution of 2013”

A RESOLUTION

 

20-356

 

IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

 

December 3, 2013

 

 

To declare the existence of an emergency with respect to the need to amend Chapter 18 of Title 47 of the District of  Columbia Official Code to exclude from District gross income the value of teaching awards given to teachers in District public schools and public charter schools.

 

 

            RESOLVED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this resolution may be cited as the “Tax Exemption for Teacher Awards Emergency Declaration Resolution of 2013”.

 

Sec. 2. (a)  In 2013, The Milken Foundation awarded 2 District teachers, one of whom is a District resident, each a $25,000 teaching award.

(b)  Other teaching awards may be given this year and certainly in the future.    These exceptional residents should receive the full benefit of their rewards, starting immediately.

(c)  There exists an immediate need to exempt the value of these awards from gross taxable income for 2013, and thereafter.  

 

Sec. 3.  The Council of the District of Columbia determines that the circumstances enumerated in section 2 constitute emergency circumstances making it necessary that the Tax Exemption for Teacher Awards Emergency Act of 2013 be adopted after a single reading.

 

Sec. 4.  This resolution shall take effect immediately.