The DC Code: § 42-2704.10 District tax exemptions; payments in lieu; exceptions.

a

Assets and income of the Agency or of any entity established by the Agency pursuant to § 42-2703.01(20C) are exempt from District taxation. The Agency may make, at its discretion, payment in lieu of taxation.

b

Bonds and notes issued by the Agency and the interest thereon are exempt from District taxation except estate, inheritance, and gift taxes.

Historical and Statutory

Prior Codifications 1981 Ed., § 45-2140. 1973 Ed., § 45-1925. Effect of Amendments D.C. Law 14-239, in subsec. (a), substituted "of the Agency or of any entity established by the Agency pursuant to § 42-2703.01(20C)" for "of the Agency". Legislative History of Laws For legislative history of D.C. Law 2-135, see Historical and Statutory Notes following § 42-2701.01. For Law 14-239, see notes following § 42-2701.02. DC CODE § 42-2704.10 Current through December 11, 2012

Credits

(Mar. 3, 1979, D.C. Law 2-135, § 410, 25 DCR 5008; Mar. 25, 2003, D.C. Law 14-239, § 2(f), 49 DCR 11162.)