Current through codified legislation effective September 18, 2024
Section 47-857.15 - Tax abatements for nonprofit organizations locating in emerging commercial neighborhoods - Abatement caps(a) The total annual dollar amount of tax abatements approved for an Eligible Nonprofit Zone shall not exceed: (1) $600,000 in the Anacostia Nonprofit Zone;(2) $2.6 million in the Capitol Riverfront Nonprofit Zone;(3) $800,000 in all Designated Nonprofit Zones;(4) $600,000 in the Minnesota-Benning Nonprofit Zone;(5) $1.2 million in the Mount Vernon Triangle Nonprofit Zone; and(6) $2.6 million in the NoMa Nonprofit Zone.(b) The total amount of real property tax abatements approved for qualified nonprofit organizations in all Eligible Nonprofit Zones shall not exceed $500,000 in Fiscal Years 2011, 2012, 2013, and 2014.Sept. 24, 2010, D.C. Law 18-223, § 7042(b), 57 DCR 6242.