Title 47 — Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]

[Not funded].

[Not funded].

(a) Real property taxes paid with respect to Lot 129, Square 241 shall be rebated to the Whitman-Walker Clinic, Inc. (“WWC”), to the extent of WWC’s proportionate share of the real property tax incurred if: (1) The WWC is liable under the lease for its proportionate share of the …

(a) For the purposes of this section, the term: (1) “Directly related entity” means a Qualified High Technology Company that is closely associated with a tenant, including: (A) A subsidiary or parent company of a tenant; (B) A special purpose vehicle of a tenant; (C) A holding co…

For the purposes of §§ 47-4665.02 through 47-4665.05, the term: (1) “Abatement period” means October 1, 2020, through September 30, 2030, the time during which the incentive will be applied. (2) “Accumulated New District Resident Hires” is the goal for Net New District FTE Hires …

(a) Subject to subsections (c) and (d) of this section and §§ 47-4665.03 and 47-4665.04, the real property taxes imposed by Chapter 8 of this title with respect to the Property shall be abated in an amount not to exceed $6 million per tax year during the abatement period. The aba…

(a) If the Mayor, pursuant to § 2-219.03a, determines that the Company is in compliance with the hiring requirements of §§ 47-4665.01 through 47-4665.05 and the incentive agreement, the Company shall be deemed to be in compliance with the provisions of part A of subchapter X of C…

Within 30 days of [February 26, 2016], the Company shall enter into a community benefits agreement with the Mayor that shall include requirements for training, employment, and youth development and free services to underserved communities in the District.

(a) In each year of the abatement period, the Mayor shall certify to the Office of Tax and Revenue the Property’s eligibility for the abatement set forth in § 47-4665.02. The Mayor’s certification shall include: (1) The Company’s taxpayer identification number and the identity of…

(a) A bill introduced in the Council that grants an exemption or abatement of a tax imposed by this title or by § 42-1103, unless the exemption or abatement is one of general applicability, shall not receive a Council hearing until a completed tax abatement financial analysis (“T…

(a) To the extent allowable by law, on or before April 1 of each year, beginning in 2012, and every year thereafter, any nonprofit organization or business entity owning property receiving a real property tax exemption or abatement pursuant to Chapter 10 (other than property exem…

For the preparation of the financial analysis required by § 47-4701(b)(1)(F) and the annual certification required by § 47-4702, the Chief Financial Officer shall set forth guidance regarding the collection of information necessary to implement these sections.

This chapter shall apply as of October 1, 2011.

For the purposes of this chapter, the term: (1) “Administrative costs” means the costs of the Department to administer, manage, and monitor the Low-Income Housing Tax Credit Program, including personnel costs. (2) “Department” means the Department of Housing and Community Develop…

(a)(1) There is established a District of Columbia low-income housing tax credit. Subject to available funds, the Department may authorize annually under this chapter total tax credits equal to the credit ceiling allocated to the District of Columbia by the federal Internal Reven…

(a) A taxpayer may receive a District of Columbia low-income housing tax credit with respect to a qualified project; provided, that the Department issues an eligibility statement for that qualified project. (b) The total District of Columbia low-income housing tax credit availabl…

(a) The owner of a qualified project eligible for the District of Columbia low-income housing tax credit shall submit a copy of the eligibility statement issued by the Department with respect to the qualified project at the time of filing the project owner’s state tax return. In …

The Chief Financial Officer or the Department may require the filing of additional documentation necessary to determine the eligibility or accuracy of a tax credit claimed under the provisions of this chapter through the promulgation of regulations.

(a) All or any portion of tax credits issued in accordance with the provisions of this section may be transferred, sold, or assigned. (b) An owner or transferee desiring to make a transfer, sale, or assignment shall submit to the Chief Financial Officer a statement that describes…

(a) The Department, in consultation with the Chief Financial Officer, shall monitor and oversee compliance with the District of Columbia’s Low-Income Housing Tax Credit Program and may promulgate regulations requiring the filing of additional documentation considered necessary to…

Except for unused credits carried forward pursuant to § 47-4803(c) and for credits claimed under regulations promulgated by the Department consistent with the special rule set forth in section 42(f)(2) of the 1986 Internal Revenue Code , as amended and in effect for the taxable y…

The Department may pursue methods of enhancing the efficiency of the District of Columbia low-income housing tax credit program, including, (1) Pursuing opinions from the United States Department of Treasury’s Internal Revenue Service in the form of: (A) General Counsel memoranda…

The Department may charge a user fee equal to up to 1% of the District of Columbia low-income housing tax credits awarded to a qualified project to pay for the administrative costs associated with the establishment of a District of Columbia low-income housing tax credit. The user…

(a) The Mayor shall issue rules to implement the provisions of this chapter. (b) The Chief Financial Officer shall issue rules to implement § 47-4805.

For the purposes of this chapter, the term: (1) “ABLE account” means an account established by an eligible individual, owned by the eligible individual, and maintained under a qualified ABLE program, as defined in the Federal ABLE Act. (2) “ABLE Account Savings Agreement” means t…

(a)(1) In accordance with the Federal ABLE Act, there is established a qualified ABLE program, to be known as the ABLE Program Trust, that shall be established as a trust, which shall authorize an eligible individual to create an ABLE account to enable the eligible individual to …