{"data":{"id":"us-dc/d.c.-code-2-1216.01","jurisdiction":"us-dc","citation":"D.C. Code § 2-1216.01","heading":"Federal Property Tax Fund.","body":"(a)\nThere is established as a special fund the Federal Properties Tax Fund (\"Fund\"), which shall be administered by the Mayor in accordance with subsections (c) and (d) of this section.\n\n(b)\nRevenue from the real property tax imposed by § 47-811 and the possessory interest tax imposed by § 47-1005.01 on covered former federal properties shall be deposited in the Fund.\n\n(c)\nMoney in the Fund may be used to:\n(1)\nImplement and support infrastructure improvements, civic projects, redevelopment, and property acquisition in the following areas:\n(A)\nThe Downtown BID, as defined in § 2-1215.51(b);\n(B)\nThe Golden Triangle BID, as defined in § 2-1215.52(b);\n(C)\nThe Southwest BID, as defined in § 2-1215.60(b); or\n(D)\nThe parcels, lots, and public right of way within, or adjacent to, squares 0184, 0267, and 0299;\n(2)\nPay debt service, including principal and interest, costs of issuance, and credit enhancements, and any costs of defeasance on bonds issued to support development of a covered former federal property; and\n(3)\nPay the costs of tax abatements awarded pursuant to § 47-861.05.\n\n(d)\nThe money deposited into the Fund but not expended in a fiscal year shall not revert to the unassigned fund balance of the General Fund of the District of Columbia at the end of the fiscal year, or at any other time.\n\n(e)\nFor the purposes of this section, the term \"covered former federal property\" means:\n(1)\nA property located in one of the geographic areas listed in subsection (c)(1) (A), (B), or (C) of this section that:\n(A)\nIs owned by the District;\n(B)\nWas owned by the federal government immediately prior to its ownership by the District;\n(C)\nWas disposed by the federal government to the District after January 1, 2026;\n(D)\nIs ground leased to a private entity by the District pursuant to a ground lease and development agreement;\n(E)\nWas not subject to tax under §§ 47-811 or 47-1005.01 immediately prior to being ground leased by the District government; and\n(F)\nContinues to be subject to the ground lease and development agreement;\n(2)\nA property located in one of the geographic areas listed in subsection (c)(1) (A), (B), or (C) of this section that:\n(A)\nWas owned by the District;\n(B)\nWas owned by the federal government immediately prior to its ownership by the District;\n(C)\nWas disposed by the federal government to the District after January 1, 2026;\n(D)\nWas disposed of by the District pursuant to a sale and development agreement between the District and a private entity;\n(E)\nWas not subject to tax under §§ 47-811 or 47-1005.01 while owned by the District government or federal government; and\n(F)\nContinues to be subject to the sale and development agreement;\n(3)\nA property located in one of the geographic areas listed in subsection (c)(1) (A), (B), or (C) of this section that:\n(A)\nWas owned by the federal government;\n(B)\nWas disposed of by the federal government to a private entity after January 1, 2026, pursuant to a sale and development agreement between the federal government and the private entity;\n(C)\nWas not subject to tax under §§ 47-811 or 47-1005.01 while owned by the federal government; and\n(D)\nContinues to be subject to the sale and development agreement; or\n(4)\nA property located in one of the geographic areas listed in subsection (c)(1) (A), (B), or (C) of this section that:\n(A)\nIs owned by the federal government;\n(B)\nIs ground leased by the federal government to a private entity after January 1, 2026, pursuant to a ground lease and development agreement between the federal government and the private entity;\n(C)\nWas not subject to tax under §§ 47-811 or 47-1005.01 while owned by the federal government; and\n(D)\nContinues to be subject to the ground lease and development agreement.\n\n(f)\nNo later than a year after revenue is deposited into the Fund pursuant to subsection (b) of this section, and annually thereafter, the Mayor shall submit to the Council a report that provides an analysis of:\n(1)\nPlanned spending of the revenues by use and geographic area, as prescribed in subsection (c) of this section;\n(2)\nPrior spending of any revenues deposited into the Fund by use and geographic area, as prescribed in subsection (c) of this section; and\n(3)\nHow planned or prior spending of revenues deposited into the Fund advances the economic development goals of each geographic area listed in subsection (c)(1) of this section.\n\n(g)\nThe Mayor, pursuant to subchapter I of Chapter 5 of this title, may issue rules to implement this section.","path":["Title 2. Government Administration.","Chapter 12. Business and Economic Development.","Subchapter VIII-A. Federal Property Tax Fund."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/2-1216.01","current_through":"2026-10-22 (D.C. Law 26-190)","vintage":"","retrieved_at":"2026-10-26T05:48:18Z","sha256":"18b4a41a7729c14d98937a7e4ffd1a26d6224dc804c3cf1a107d3780ac4aac97","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-2-1215.71","next":"us-dc/d.c.-code-2-1217.01"},"notice":"GroundRules: Original legal text. Not legal advice."}