(a) The real property described as Lot 0045, Square 6118, and currently owned by Wayne Place Senior Living Limited Partnership, a District of Columbia limited partnership, shall be exempt from the tax imposed by Chapter 8 of this title so long as the real property is:
(1) Owned and maintained by Wayne Place Senior Living Limited Partnership, or by an entity controlled, directly or indirectly, by Wayne Place Senior Living Limited Partnership;
(2) Operated as a senior living facility that provides secure and affordable housing to elderly residents of the District; and
(3) Not used for commercial purposes.
(b) Section 47-1005 shall apply with respect to the real property exempt from taxation under subsection (a) of this section.
Short title: Section 7121 of D.C. Law 19-21 provided that subtitle M of title VII of the act may be cited as “Wayne Place Senior Living Limited Partnership Tax Relief Amendment Act of 2011”.
Sections 3 and 4 of D.C. Law 18-290 provided:
“Sec. 3. Sunset. This act shall expire on October 31, 2021.
“Sec. 4. Applicability. This act shall apply upon the inclusion of its fiscal effect in an approved budget and financial plan.”