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The DC Code: § 47-857.15 Tax abatements for nonprofit organizations locating in emerging commercial neighborhoods--Abatement caps.

Index47 Taxation, Licensing, Permits, Assessments, and Fees. (Refs & Annos)
a
The total annual dollar amount of tax abatements approved for an Eligible Nonprofit Zone shall not exceed:
1
$600,000 in the Anacostia Nonprofit Zone;
2
$2.6 million in the Capitol Riverfront Nonprofit Zone;
3
$800,000 in all Designated Nonprofit Zones;
4
$600,000 in the Minnesota-Benning Nonprofit Zone;
5
$1.2 million in the Mount Vernon Triangle Nonprofit Zone; and
6
$2.6 million in the NoMa Nonprofit Zone.
b
The total amount of real property tax abatements approved for qualified nonprofit organizations in all Eligible Nonprofit Zones shall not exceed $500,000 in Fiscal Years 2011, 2012, 2013, and 2014.

Historical and Statutory

Emergency Act Amendments For temporary (90 day) addition, see § 7042(b) of Fiscal Year 2011 Budget Support Emergency Act of 2010 (D.C. Act 18-463, July 2, 2010, 57 DCR 6542). Legislative History of Laws For Law 18-223, see notes following § 47-355.05. DC CODE § 47-857.15 Current through December 11, 2012

Credits

(Sept. 24, 2010, D.C. Law 18-223, § 7042(b), 57 DCR 6242.)