D.C. Mun. Regs. tit. 10, r. 10-B6203

Current through Register Vol. 71, No. 44, November 1, 2024

Rule 10-B6203 - TAX ABATEMENTS FOR ALL HOUSING PROJECTS IN NOMA AREA

B6203.1

Subject to the requirements of section B6202 of this chapter, an annual abatement of the real property tax imposed pursuant to D.C. Official Code § 47-811 for an eligible property shall be allowed in an amount computed as one dollar and fifty cents ($1.50) multiplied by the building's total residential FAR square footage as certified by the project architect and DMPED pursuant to subsection B6202.15 of this chapter; provided, that:

(a) If a certificate of occupancy permits the use of only part of the residential portion of the eligible property, the amount of the abatement shall be computed as one dollar and fifty cents ($1.50) per each residential FAR square foot that is subject to the certificate of occupancy.

(b) The tax abatement for an eligible real property allowed by this section shall expire at the end of the tenth (10th) tax year after the abatement was first reflected in a real property tax bill issued pursuant to section B6202.14 of this chapter; and

(c) If, during a tax year for which the tax abatement is authorized by this section the property for which the abatement was granted contains fewer than ten (10) dwelling units, the abatement shall not be allowed, such disallowance to become effective during the first six (6) month period following the date on which such property first contained less than ten (10) dwelling units.

D.C. Mun. Regs. tit. 10, r. 10-B6203

Final Rulemaking published at 57 DCR 6122, 6127 (July 16, 2010)

Authority: NoMA Residential Development Tax Abatement Act of 2009, effective July 7, 2009 (D.C. Law 18-10; D.C. Official Code §§ 47-859.01 et seq.), and Mayor's Order 2010-61, dated April 6, 2010