The Tax and Revenue Commission Establishment Amendment Act of 2025 aims to create a permanent Tax and Revenue Revision Commission as an independent agency within the District of Columbia. The bill repeals the existing section 47-461 and establishes new sections that outline the Commission's purpose, which includes providing recommendations on tax code revisions and assessing non-tax revenue sources. The Commission will focus on promoting fairness and equity in tax apportionment, broadening the tax base, and modernizing the tax code. It will also analyze the current tax system and propose innovative solutions to meet the District's revenue needs.

Additionally, the bill introduces an Advisory Group to assist the Commission, consisting of both voting and non-voting members, including experts in taxation and representatives from the community and business sectors. The Commission is required to submit comprehensive updates to the tax code every ten years, with the first update due by February 12, 2025. It will also provide yearly reports with recommendations for improvements to the tax code outside of the decennial updates. The bill emphasizes the importance of transparency and public engagement in the tax revision process.