Wednesday, December 28, 2011
Under emergency legislation effective December 22, 2011, payers of distributions from retirement plans or accounts which are subject to federal withholding and made on or after January 1, 2012, to DC residents are required to withhold DC income tax at the highest DC income tax rate in effect at the time of the distribution. As of January 1, 2012, the highest DC income tax rate is 8.95 percent.