D.C. Mun. Regs. tit. 10, r. 10-B6305

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

Rule 10-B6305 - AWARD OF TAX ABATEMENT

6305.1

After receiving the documents required under subsection 6304.3, the Deputy Mayor for Planning and Economic Development (DMPED) shall certify the total commercial FAR square footage and, within twenty (20) business days:

(a) Issue to the organization a letter of award certifying the tax abatement pursuant to D.C. Official Code § 47-8579.03; and

(b) Notify the District of Columbia Office of Tax and Revenue (OTR) of the organization's eligibility for the annual dollar amount of nonprofit tax abatement, provided that such annual dollar amount shall not exceed the amount reserved under subsection 6303.2, and provide OTR with a schedule of the tax abatement dollar amounts to be reflected on the property's twenty (20) semiannual tax bills issued during the ten (10) year tax abatement period.

6305.2

After receiving notification from DMPED under subsection 6305.1(b), OTR shall reflect the tax abatement in a real property tax bill issued for the first full six (6) month period of the tax year (October 1 through March 31 or April 1 through September 30) following the issuance date of the certificate of occupancy.

6305.3

If, four (4) months after the date when applications begin to be considered as described in subsection 6303.3, there remains any unused abatement funds for any of the Eligible Nonprofit Zones, unused funds may be cumulated and awarded to applicants from any Eligible Nonprofit Zone placed on the waiting list described under subsection 6303.4 in the order of preference based on the date of receipt of the organizations' original applications under subsection 6303.1 and following the distribution and certification procedures in subsections 6303.2 -6305.2. The waitlist will be terminated when all funding is allocated, or April 30, 2011; provided, that DMPED may extend the date of termination to a date after April 30, 2011, if funding remains unallocated.

D.C. Mun. Regs. tit. 10, r. 10-B6305

Source: Notice of Emergency and Proposed Rulemaking published at 57 DCR 11748 (December 10, 2010)[EXPIRED]; as amended by Notice of Final Rulemaking published at 58 DCR 4022, 4027 (May 6, 2011)

Authority: The Deputy Mayor for Planning and Economic Development, pursuant to the authority set forth in section 7042(b) of the Nonprofit Tax Abatement Act of 2010, effective September 24, 2010 (D.C. Law 18-223 D.C. Official Code §§ 47-857.13 et seq.) (as amended) (NPTA Act) and Mayor's Order 2010-165, dated October 12, 2010.