Code of the District of Columbia

§ 42–3508.02. Tax abatement for new or rehabilitated vacant rental housing.

(a) There shall be an 80% reduction of the property tax liability during the first year newly constructed rental housing accommodations become available for rental. Tax for succeeding years shall be increased by increments of 16% of the full tax liability, until the time the full liability absent this provision, is reached.

(b) When vacant rental accommodations which have been rehabilitated become available for rental, the provisions of subsection (a) of this section shall apply to the amount by which the tax assessment was increased due to rehabilitation.

(c) When vacant rental accommodations are being rehabilitated under this subchapter, the Mayor may defer or forgive any indebtedness owed the District or defer or forgive outstanding tax liens.

(d) A project eligible for tax abatement or deferral or forgiveness of any indebtedness to the District or deferral or forgiveness of tax liens under subsections (a), (b), and (c) of this section shall be subject to certification by the Mayor that it is in the best interest of the District and is consistent with the District’s rental property needs in terms of its location, type, and variety of sizes or rental units.

(e) Repealed.

(f) This section shall not apply to property which receives tax relief pursuant to §§ 47-857.03 through 47-857.10.

(July 17, 1985, D.C. Law 6-10, § 802, 32 DCR 3089; Aug. 25, 1994, D.C. Law 10-155, § 2(c), 41 DCR 4873; Apr. 19, 2002, D.C. Law 14-114, § 602, 49 DCR 1468.)

Prior Codifications

1981 Ed., § 45-2582.

Section References

This section is referenced in § 42-3508.04, § 47-857.02, and § 47-859.02.

Effect of Amendments

D.C. Law 14-114 added subsec. (f).

Cross References

Establishment of real property tax rates, see § 47-812.

Expiration of Law

See Historical and Statutory Notes following § 42-3508.01.