{"data":{"id":"us-dc/d.c.-code-47-3506","jurisdiction":"us-dc","citation":"D.C. Code § 47-3506","heading":"Administration and enforcement — Qualifying nonprofit housing organizations and cooperative housing associations.","body":"(a)\n(1)\nIf a qualifying nonprofit housing organization fails to transfer the property within 36 months as required by § 47-3505, the Mayor shall disallow the exemptions provided by § 47-3505 and the organization shall pay to the Mayor:\n(A)\nThe total tax which would have been due without the exemption;\n(B)\nInterest at the rate of 11/4% per month, or fraction of a month, from the date prescribed for the payment of the tax without regard to the exemptions until the date paid; and\n(C)\nA penalty equal to 10% of the tax. The Mayor may, for good cause shown, extend the time for transfer of the property for an additional period not to exceed 6 months, if the cooperative housing association files a request for extension, in writing, with the Mayor within 30 days after the expiration of the 36-month period.\n(2)\nIf a cooperative housing association fails to qualify for the real property tax exemption within 36 months as required by § 47-3503, the Mayor shall disallow the exemption provided by § 47-3503 and the association shall pay to the Mayor:\n(A)\nThe total tax which would have been due without the exemptions;\n(B)\nInterest at the rate of 11/4% per month, or fraction of a month, from the date prescribed for the payment of the tax without regard to the exemptions until the date paid; and\n(C)\nA penalty equal to 10% of the tax. The Mayor may, for good cause shown, extend the time for transfer of the property for an additional period not to exceed 6 months, if the cooperative housing association files a request for extension, in writing, with the Mayor within 30 days after the expiration of the 36-month period.\n\n(b)\nIf an association or organization shall willfully make a false statement concerning any information required to be supplied on the certification under § 47-3503 or § 47-3505, the association or organization shall be deemed guilty of the offense of making false statements and, upon conviction, shall be subject to the penalty for that offense provided in § 22-2405(b).","path":["Title 47. Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]","Chapter 35. Lower Income Homeownership Tax Abatement and Incentives."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/47-3506","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"beca9922fa684a13fd1698867fdaa1f3e892b7b83283eb1b82137528d4971f0e","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-47-3505","next":"us-dc/d.c.-code-47-3506.01"},"notice":"GroundRules: Original legal text. Not legal advice."}