The portion of real property located at lot 26, square 406 and leased to the Theatre Downtown, Inc., is hereby exempt from real property taxation so long as it is leased to the Theatre Downtown, Inc., and used for the purpose of producing and staging live theatre performances; provided, that the benefit of this exemption shall be passed on to the Theatre Downtown, Inc.
D.C. Code § 47-1074
Section 3 of D.C. Law 16-172, as amended by D.C. Law 17-219, § 7081, provided:
"Sec. 3. Applicability; conditional effect.
"(a) Section 2 shall apply as of the date of execution of the lease for the real property by Theatre Downtown, Inc.
"(b) Repealed.
"(c) Repealed."