D.C. Mun. Regs. tit. 10, r. 10-B6501

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

Rule 10-B6501 - APPLICATION FOR TAX INCENTIVES FOR OARS OF REAL PROPERTY

6501.1

To apply for a reduction in real property taxes, special assessments, assessment for failure to abate a nuisance, or water and sewer charges, the owner of improved real property within a designated economic development zone shall submit to the Development Zone Administrator the following supporting information:

(a) Identity of owner or owners:

(b) Street address, lot, and square of each piece of real property for which a claim for an incentive is made (including identification of zone);

(c) Each tax or other indebtedness to be reduced (date debt incurred, period covered);

(d) Proposed economic development activity or project;

(e) Amount of claim;

(f) Certificate of taxes;

(g) Certification of assessed valuation of improved real property (not more than sixty (60) days old);

(h) Certification of amount of indebtedness (tax bills, water and sewer bills, assessment for failure to abate nuisance, special assessments, or other assessments by the District government;

(i) Certification of conformance with zoning regulations;

(j) Beginning date of rehabilitation or construction;

(k) Statement of actual costs of rehabilitation or construction;

(l) Permits (building, occupancy, other); and

(m) Other relevant documents as requested by the Development Zone Administrator.

6501.2

To apply for deferral or forgiveness of real property taxes, special assessments, assessments for failure to abate a nuisance, or water and sewer charges, the owner of improved real property shall submit to the Development Zone Administrator the following supporting information:

(a) The information required by § 6501.1;

(b) Evidence of how the proposed activity will improve the economic development zone by doing the following:

(1) Reducing the rate of poverty;

(2) Reducing the unemployment rate;

(3) Reducing economic distress;

(4) Increasing the median income level;

(5) Improving the standard of living;

(6) Increasing the level of owner-occupied housing;

(7) Increasing commercial activity;

(8) Increasing industrial activity; or

(9) Employing area residents;

(c) Evidence of community support; and

(d) Evidence of private sector commitments.

D.C. Mun. Regs. tit. 10, r. 10-B6501

Final Rulemaking published at 40 DCR 8626, 8627 (December 17, 1993)