§ 47-857.15

D.C. Code § 47-857.15

Tax abatements for nonprofit organizations locating in emerging commercial neighborhoods — Abatement caps.

Effective Sep 24, 2010Sept. 24, 2010, D.C. Law 18-223, § 7042(b), 57 DCR 6242

  1. (a) The total annual dollar amount of tax abatements approved for an Eligible Nonprofit Zone shall not exceed:

    1. (1) $600,000 in the Anacostia Nonprofit Zone;
    2. (2) $2.6 million in the Capitol Riverfront Nonprofit Zone;
    3. (3) $800,000 in all Designated Nonprofit Zones;
    4. (4) $600,000 in the Minnesota-Benning Nonprofit Zone;
    5. (5) $1.2 million in the Mount Vernon Triangle Nonprofit Zone; and
    6. (6) $2.6 million in the NoMa Nonprofit Zone.
  2. (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.

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