5628054 Public Hearing on Bill 21-252, ABLE Program Trust Establishment Act of 2015 and Bill 21-299, the Fiscal Year 2016 Tax Revenue Anticipation Notes Act of 2015
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Council of the District of Columbia
Committee on Finance and Revenue
Notice of Public Hearing
John A. Wilson Building, 1350 Pennsylvania Avenue, N.W. Washington, D.C. 20004
COUNCILMEMBER JACK EVANS, CHAIR
COMMITTEE ON FINANCE AND REVENUE
ANNOUNCES A PUBLIC HEARING ON:
Bill 21-252, the “ABLE Program Trust Establishment Act of 2015”
Bill 21-299, the “Fiscal Year 2016 Tax Revenue Anticipation Notes Act of 2015”
Thursday, September 17, 2015
10:00 a.m.
Room 500 - John A. Wilson Building
1350 Pennsylvania Avenue, NW, Washington, D.C. 20004
Councilmember Jack Evans, Chairman of the Committee on Finance and Revenue, announces a public hearing to be held on Thursday, September 17, 2015 at 10:00 a.m. in the Council Chamber, Room 500, of the John A. Wilson Building, 1350 Pennsylvania Avenue, N.W., Washington, D.C. 20004.
Bill 21-252, the “ABLE Program Trust Establishment Act of 2015” would amend Chapter 48 of Title 47 of the District of Columbia Official Code to establish a qualified Achieving a Better Life Experience Act or ABLE program, which would be known as the ABLE Program Trust. The legislation would exempt from income taxation the earnings on deposits made to an ABLE account by an eligible individual to assist the individual with certain expenses related to the individual’s blindness or disability.
Bill 21-299, the “Fiscal Year 2016 Tax Revenue Anticipation Notes Act of 2015” would authorize the District to issue general obligation tax revenue anticipation notes (TRANs) in an amount up to $600 million in Fiscal Year 2016 to finance governmental expenses and seasonal cash flow needs for the fiscal year ending September 30, 2016.
The Committee invites the public to testify at the hearing. Those who wish to testify should contact Sarina Loy, Committee Aide at (202) 724-8058 or sloy@dccouncil.us, and provide your name, organizational affiliation (if any), and title with the organization by 10:00 a.m. on Wednesday, September 16, 2015. Witnesses should bring 15 copies of their written testimony to the hearing. The Committee allows individuals 3 minutes to provide oral testimony in order to permit each witness an opportunity to be heard. Additional written statements are encouraged and will be made part of the official record. Written statements may be submitted by e-mail to sloy@dccouncil.us or mailed to: Council of the District of Columbia, 1350 Pennsylvania Ave., N.W., Suite 114, Washington D.C. 20004.
