5662683 Public Hearing on Bill 21-353, Local Jobs and Tax Incentive Act of 2015

Council of the District of Columbia

Committee on Finance and Revenue

Notice of Public Hearing

John A. Wilson Building, 1350 Pennsylvania Avenue, N.W. Washington, D.C. 20004

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COUNCILMEMBER JACK EVANS, CHAIR

COMMITTEE ON FINANCE AND REVENUE

 

ANNOUNCES A PUBLIC HEARING ON:

 

Bill 21-353 the “Local Jobs and Tax Incentive Act of 2015”

 

Wednesday, October 14 2015

10:00 a.m.

Room 500 - John A. Wilson Building

1350 Pennsylvania Avenue, NW, Washington, D.C. 20004

 

            Councilmember Jack Evans, Chairman of the Committee on Finance and Revenue, announces a public hearing to be held on Wednesday, October 14, 2015 at 10:00 a.m. in the Council Chamber, Room 500, of the John A. Wilson Building, 1350 Pennsylvania Avenue, N.W., Washington, D.C. 20004.

            Bill 21-353, the “Local Jobs and Tax Incentive Act of 2015” would amend Chapter 46 of Title 47 of the District of Columbia Official Code to provide a 10-year abatement of real property taxes beginning in 2021, on real property leased by The Advisory Board Company, located on the property described as Square 0450, Lots 0025, 0039, 0041, 0800, 0825, 0830, 0831, and 0832. The annual real property tax abatement amount would be up to $6 million per year, subject to meeting a target net increase in District resident employee count for that year. 

 

            The Committee invites the public to testify at the hearing. Those who wish to testify should contact Sarina Loy, Committee Aide at [phone] or [e-mail], and provide your name, organizational affiliation (if any), and title with the organization by 10:00 a.m. on Tuesday, October 13, 2015. Witnesses should bring 15 copies of their written testimony to the hearing. The Committee allows individuals 3 minutes to provide oral testimony in order to permit each witness an opportunity to be heard. Additional written statements are encouraged and will be made part of the official record. Written statements may be submitted by e-mail to [e-mail] or mailed to: Council of the District of Columbia, 1350 Pennsylvania Ave., N.W., Suite 114, Washington D.C. 20004.