{"data":{"id":"us-dc/d.c.-code-47-3506.01","jurisdiction":"us-dc","citation":"D.C. Code § 47-3506.01","heading":"Resident management corporations — Qualifications; exemptions.","body":"(a)\nIn order to qualify for an exemption under this section, a resident management corporation shall meet the requirements of section 20 of the United States Housing Act of 1937 (42 U.S.C. § 1437r).\n\n(b)\nReal property transferred to a qualifying resident management corporation pursuant, to section 21 of the United States Housing Act of 1937 (42 U.S.C. 1437s), shall be exempt from:\n(1)\nThe deed recordation tax pursuant to § 42-1102;\n(2)\nThe transfer tax pursuant to § 47-902; and\n(3)\nThe real property tax pursuant to § 47-1002, through the end of the 10th tax year following the year in which the property is transferred to the resident management corporation.\n\n(c)\nThis section shall apply to real property transferred to all qualifying resident management corporations on, before, or after June 11, 1992. Any taxes owed by a qualifying resident management corporation prior to the enactment of the Public Housing Homeownership Tax Abatement Amendment Act of 1992, which are exempted by the Public Housing Homeownership Tax Abatement Amendment Act of 1992, shall be forgiven. Any taxes paid by a qualifying resident management corporation prior to the enactment of the Public Housing Homeownership Tax Abatement Amendment Act of 1992, which are exempted by the Public Housing Homeownership Tax Abatement Amendment Act of 1992, shall be refunded.","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/47-3506.01","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"948031107f86581a94a39eda4fcafc04c26b03f58c002ff6e07962436bf4c64e","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-47-3506","next":"us-dc/d.c.-code-47-3507"},"notice":"GroundRules: Original legal text. Not legal advice."}