District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 47-857.09: Tax abatements for new residential developments — Abatement caps.

Where this section sits in the code

Title 47. Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]
Chapter 8. Real Property Assessment and Tax.
Subchapter II. Authority and Procedure to Establish Real Property Tax Rates.

(a)

The Mayor may approve up to $2.5 million in annual tax abatements under §§ 47-857.03 and 47-857.05; provided, the Mayor may approve only up to $500,000 in annual tax abatements in fiscal year 2003.

(b)

The Mayor may approve up to $2 million in annual tax abatements under §§ 47-857.04 and 47-857.06.

(c)

The Mayor may approve up to $3.5 million in annual tax abatements under §§ 47-857.07 and 47-857.08; provided, that $500,000 shall be reserved for properties in eligible area #4.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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