1. (a) Assets and income of the Agency or of any entity established by the Agency pursuant to § 42-2703.01(20C) are exempt from District taxation. The Agency may make, at its discretion, payment in lieu of taxation.
2. (b) Bonds and notes issued by the Agency and the interest thereon are exempt from District taxation except estate, inheritance, and gift taxes.

History

Mar. 3, 1979, D.C. Law 2-135, § 410, 25 DCR 5008

Mar. 25, 2003, D.C. Law 14-239, § 2(f), 49 DCR 11162

Effect of Amendments

D.C. Law 14-239, in subsec. (a), substituted “of the Agency or of any entity established by the Agency pursuant to § 42-2703.01(20C)” for “of the Agency”.

Prior Codifications

1973 Ed., § 45-1925.

1981 Ed., § 45-2140.