Statutes, codes, and regulations
District of Columbia Official Code
Division VIII - GENERAL LAWSTitle 47 - TAXATION, LICENSING, PERMITS, ASSESSMENTS, AND FEESChapter 8 - REAL PROPERTY ASSESSMENT AND TAX
Subchapter II - AUTHORITY AND PROCEDURE TO ESTABLISH REAL PROPERTY TAX RATES
Section 47-850.03 - Residential property tax relief - Transfer of homestead to revocable trust

D.C. Code § 47-850.03

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Current through codified legislation effective October 30, 2024
Section 47-850.03 - Residential property tax relief - Transfer of homestead to revocable trust

The eligibility of a real property for the deduction provided in §§ 47-850 and 47-850.01 and for the credit provided in § 47-864.01 [repealed] shall not be affected by the transfer of the real property into a revocable trust if the transfer is without consideration and the real property remains the residence of the applicant-grantor before and after the transfer.

D.C. Code § 47-850.03

June 25, 2002, D.C. Law 14-147, § 2(e), 49 DCR 4219; Mar. 13, 2004, D.C. Law 15-105, § 80(c)(3), 51 DCR 881; Mar. 25, 2009, D.C. Law 17-345, § 2(d), 56 DCR 962.

Section 3 of D.C. Law 14-147 provided that section 2 shall apply as of October 1, 2001, except insofar as the retroactive application results in an increase of tax to the real property or owner thereof.