The real property comprising a portion of the lot that is designated, as of October 1, 2001, as lot 0042 in square 0457 in the District of Columbia, is hereby exempt from real property and deed recordation taxation so long as, and to the extent that, the same is leased to Woolly Mammoth Theatre Company, a District of Columbia nonprofit corporation, for the construction and occupancy of the real property for the nonprofit purposes of Woolly Mammoth Theatre Company; provided, that the exemption shall be subject to the provisions of § 47-1002 as if Woolly Mammoth Theatre Company were the owner of the real property; provided further, that the effective date of the exemption shall be determined under § 47-1009(b)(2) where the date of execution of the lease shall be deemed the date the application is filed. Any paid real property and deed recordation taxes shall be refunded to the payer under the same conditions and subject to the same provisions as if the exemption were granted administratively.
Legislative History of Laws Law 14-128, the "Woolly Mammoth Theatre Tax Abatement Act of 2001", was introduced in Council and assigned Bill No. 14-402, which was referred to the Committee on Finance and Revenue. The Bill was adopted on first and second readings on January 8, 2002, and February 5, 2002, respectively. Signed by the Mayor on February 25, 2002, it was assigned Act No. 14-289 and transmitted to both Houses of Congress for its review. D.C. Law 14-128 became effective on May 2, 2002. DC CODE § 47-1051 Current through December 11, 2012
(May 2, 2002, D.C. Law 14-128, § 2(b), 49 DCR 2327.)