500.1 The provisions of §§ 501 through 514 of this chapter are adopted under the authority vested in the Council of the District of Columbia in § 317 of Pub. L. 87-408, (also referred to in this chapter as the 'Act'), approved March 2, 1962, as amended; D.C. Code § 45-937 (1981).500.2 For the purposes of this chapter, the words, terms, and phrases defined in the Act shall have the same meanings when used in this chapter, unless otherwise required by the context of this chapter.500.3 When used in this chapter, the term 'Deputy Chief Financial Officer' shall mean the Deputy Chief Financial Officer of the Office of Tax and Revenue ('Office'), or the Deputy Chief Financial Officer's lawfully appointed agent, representative, or designee.500.4 When used in this chapter, the term 'Recorder of Deeds' shall mean the Recorder of Deeds of the District of Columbia, or his or her lawfully appointed agent, representative, or designee.500.5 For the purposes of the Act, the term 'parent' means a person who is the natural parent of a child or a person who has legally adopted a child. The term 'child' includes both minor and adult children.500.6 For the purposes of the Act, the term 'new real estate construction' means the development or improvement of a structure located upon or attached to land, including any improvement, restoration, addition to, or rehabilitation of any existing structure, if the value of the improvement, restoration, addition, or rehabilitation exceeds fifty percent (50%) of the assessed value of any structure existing prior to the improvement, restoration, addition, or rehabilitation.500.7 The provisions of §§ 515 through 526 are adopted under § 2(c)(3) of the District of Columbia Recordation of Economic Interests in Real Property Tax Amendment Act of 1989 (hereinafter referred to as the 'Recordation of Economic Interests Act').500.8 For the purposes of the 'Recordation of Economic Interests Act,' the term 'Holds real property' means the ownership by a corporation, partnership or trust of real property located in the District of Columbia and leases for more than ninety-nine (99) years of real property located in the District of Columbia.

AUTHORITY: Unless otherwise noted, the authority for this chapter is § 314 of Pub. L. 87-408, approved March 2, 1962, as amended, D.C. Code § 45-937 (1981 Ed.).

SOURCE: Commissioners' Order 62-751 effective April 26, 1962, 8 DCR 278 (May 14, 1962); as amended by Final Rulemaking published at 36 DCR 8653 (December 29, 1989).