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The DC Code: § 47-1804.04 Income from installment sales.

Index47 Taxation, Licensing, Permits, Assessments, and Fees. (Refs & Annos)

If a person reports any portion of his income from installment sales for federal income tax purposes under § 453 of the Internal Revenue Code of 1986 (§ 453 of Title 26, United States Code) and as the same may hereafter be amended and if such income is subject to tax under this chapter, he may report such income under this chapter in the same manner and upon the same basis as the same was reported by him for federal income tax purposes, if such method of reporting is accepted and approved by the Commissioner of Internal Revenue.

Historical and Statutory

Prior Codifications 1981 Ed., § 47-1804.4. 1973 Ed., § 47-1561c. Legislative History of Laws For legislative history of D.C. Law 7-9, see Historical and Statutory Notes following § 471801.04. For legislative history of D.C. Law 7-29, see Historical and Statutory Notes following § 47-1801.01a. DC CODE § 47-1804.04 Current through December 11, 2012

Credits

(July 16, 1947, 61 Stat. 340, ch. 258, art. I, title IV, § 4; May 27, 1949, 63 Stat. 131, ch. 146, title IV, § 410; June 24, 1987, D.C. Law 7-9, § 2(g), 34 DCR 3283; Oct. 1, 1987, D.C. Law 7-29, § 2(d), 34 DCR 5097; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575.)