D.C. Municipal Regulations (Last Updated: September 13, 2017) |
Title 10. PLANNING AND DEVELOPMENT |
SubTilte 10-B. PLANNING AND DEVELOPMENT |
Chapter 10-B63. TAX ABATEMENT FOR NONPROFIT ORGANIZATIONS LOCATING IN EMERGING COMMERCIAL NEIGHBORHOODS |
Section 10-B6305. AWARD OF TAX ABATEMENT
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6305.1After receiving the documents required under subsection 6304.3, the Deputy Mayor for Planning and Economic Development (DMPED) shall certify the total commercial FAR square footage and, within twenty (20) business days:
(a)Issue to the organization a letter of award certifying the tax abatement pursuant to D.C. Official Code § 47-8579.03; and
(b)Notify the District of Columbia Office of Tax and Revenue (OTR) of the organization’s eligibility for the annual dollar amount of nonprofit tax abatement, provided that such annual dollar amount shall not exceed the amount reserved under subsection 6303.2, and provide OTR with a schedule of the tax abatement dollar amounts to be reflected on the property’s twenty (20) semiannual tax bills issued during the ten (10) year tax abatement period.
6305.2After receiving notification from DMPED under subsection 6305.1(b), OTR shall reflect the tax abatement in a real property tax bill issued for the first full six (6) month period of the tax year (October 1 through March 31 or April 1 through September 30) following the issuance date of the certificate of occupancy.
6305.3If, four (4) months after the date when applications begin to be considered as described in subsection 6303.3, there remains any unused abatement funds for any of the Eligible Nonprofit Zones, unused funds may be cumulated and awarded to applicants from any Eligible Nonprofit Zone placed on the waiting list described under subsection 6303.4 in the order of preference based on the date of receipt of the organizations’ original applications under subsection 6303.1 and following the distribution and certification procedures in subsections 6303.2-6305.2. The waitlist will be terminated when all funding is allocated, or April 30, 2011; provided, that DMPED may extend the date of termination to a date after April 30, 2011, if funding remains unallocated.