Section 9-524. REPORTING TRANSFERS

 

524.1Every corporation that owns real property in the District comprising at least forty percent (40%) of its gross assets shall keep a record of the transfer of its stock and report every transfer of an interest of its stock on an income and expense form under 9 DCMR § 330.

 

524.2Every partnership, trust, estate or other entity having interest in real property in the District comprising at least forty percent (40%) of its gross assets shall keep a record of and report every transfer of interests in its capital, profits or beneficial interests on an income and expense form under 9 DCMR § 330.

 

524.3The Deputy Chief Financial Officer may request supplemental information to be submitted to substantiate whether a transfer of an economic interest has occurred.

 

 

authority

Section 2(c) of the District of Columbia Real Property Tax Revision Act of 1974, approved September 3, 1974 (88 Stat. 1051, Pub.L. 93-407).

source

Final Rulemaking published at 36 DCR 8653, 8662 (December 29, 1989).