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D.C. Municipal Regulations (Last Updated: September 13, 2017) |
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Title 10. PLANNING AND DEVELOPMENT |
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SubTilte 10-B. PLANNING AND DEVELOPMENT |
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Chapter 10-B63. TAX ABATEMENT FOR NONPROFIT ORGANIZATIONS LOCATING IN EMERGING COMMERCIAL NEIGHBORHOODS |
Section 10-B6306. ABATEMENT CAPS
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6306.1The total abatement granted under this chapter shall not exceed five hundred thousand dollars ($500,000) per year for Fiscal Years 2011 through 2014.
6306.2The total amount of real property tax abatement approved per year for Fiscal Years 2011 through 2014 for qualified nonprofit organizations in each Eligible Nonprofit Zone shall be limited to:
(a)Forty thousand dollars ($40,000) in the Anacostia Nonprofit Zone;
(b)One hundred seventy seven thousand five hundred dollars ($177,500) in the Capitol Riverfront Nonprofit Zone;
(c)Forty thousand dollars ($40,000) in the Minnesota-Benning Nonprofit Zone;
(d)Sixty five thousand dollars ($65,000) in the Mount Vernon Triangle Nonprofit Zone;
(e)One hundred seventy seven thousand five hundred dollars ($177,500) in the NoMa Nonprofit Zone.
6306.3For each year starting in 2015 Deputy Mayor for Planning and Economic Development (DMPED) may approve up to eight million four hundred thousand dollars ($8,400,000) per year in annual tax abatements for all Eligible Nonprofit Zones with maximum individual zone tax allocations of:
(a) Six hundred thousand dollars ($600,000) in the Anacostia Nonprofit Zone;
(b) Two million six hundred thousand dollars ($2,600,000) in the Capitol Riverfront Nonprofit Zone;
(c) Eight hundred thousand dollars ($800,000) in all Designated Nonprofit Zones
(d) Six hundred thousand dollars ($600,000) in the Minnesota-Benning Nonprofit Zone;
(e) One million two hundred thousand dollars ($1,200,000) in the Mount Vernon Triangle Nonprofit Zone; and
(f) Two million six hundred thousand dollars ($2,600,000) in the NoMa Nonprofit Zone.