(a) The total annual dollar amount of tax abatements approved for an Eligible Nonprofit Zone shall not exceed:
- (1) $600,000 in the Anacostia Nonprofit Zone;
- (2) $2.6 million in the Capitol Riverfront Nonprofit Zone;
- (3) $800,000 in all Designated Nonprofit Zones;
- (4) $600,000 in the Minnesota-Benning Nonprofit Zone;
- (5) $1.2 million in the Mount Vernon Triangle Nonprofit Zone; and
- (6) $2.6 million in the NoMa Nonprofit Zone.
- (b) The total amount of real property tax abatements approved for qualified nonprofit organizations in all Eligible Nonprofit Zones shall not exceed $500,000 in Fiscal Years 2011, 2012, 2013, and 2014.
History
Sept. 24, 2010, D.C. Law 18-223, § 7042(b), 57 DCR 6242
Emergency Legislation
For temporary (90 day) addition, see § 7042(b) of Fiscal Year 2011 Budget Support Emergency Act of 2010 (D.C. Act 18-463, July 2, 2010, 57 DCR 6542).
Section References
This section is referenced in § 47-857.12 and § 47-857.13.