Avanti Real Estate, Inc. Real Property Tax Exemption Amendment Act of 2025

Taxes

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Nadeau
Last action: 2026-01-09
Official status: Under Council Review
Effective date: Not listed

Plain English Breakdown

The bill is currently under Council Review; it has not yet taken effect.

Tax Exemption for Avanti Real Estate Property

This bill exempts a specific building owned by Avanti Real Estate Services, Inc., from property taxes if it is used to provide real estate services and training.

What This Bill Does

Exempts Lot 123, Square 2836 at 3421 14th Street N.W. from property taxes for ten years starting October 1, 2024.
Forgives any past property taxes, interest, penalties, or fees already charged against this specific building as of the act's effective date.
Requires the Mayor to certify each year that the property meets the rules for keeping the tax break.
Allows the Mayor to end the exemption if the property stops meeting the required uses.

Who It Names or Affects

Avanti Real Estate Services, Inc., which owns the building at 3421 14th Street N.W.
The District of Columbia Office of Tax and Revenue, which collects taxes on this property.
The Mayor's office, which must check if the property follows the rules.

Terms To Know

Tax Exemption: A rule that says a person or company does not have to pay a specific tax for a certain time.
Forgiven Taxes: Old taxes and fees that were already charged are cancelled so they do not need to be paid back.

Limits and Unknowns

The tax break only works if the building is used for real estate services, hiring local residents, and providing job training.
This law does not take effect until after the Mayor approves it (or a veto override), Congress reviews it for 30 days, and it is published in the District of Columbia Register.

Bill History

2026-01-09 Council of the District of Columbia LIMS
Re-Referral published.
2026-01-06 Council of the District of Columbia LIMS
Re-Referred to Committee of the Whole
2025-01-10 Council of the District of Columbia LIMS
Notice of Intent to Act on B26-0019 Published in the District of Columbia Register
2025-01-07 Council of the District of Columbia LIMS
Referred to Committee on Business and Economic Development
2025-01-03 Council of the District of Columbia LIMS
B26-0019 Introduced by Councilmember Nadeau at Office of the Secretary

Official Summary Text

Avanti Real Estate, Inc. Real Property Tax Exemption Amendment Act of 2025

Current Bill Text

Read the full stored bill text

_____________________________
Councilmember Brianne K. Nadeau

A BILL

_________________________

IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

_________________________

To amend Chapter 46 of Title 47 of the District of Columbia Official Code to exempt from 1
taxation the real property described as Lot 123, Square 2836, located at 3421 14th Street, 2
N.W.. 3
4
BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this 5
act may be cited as the “Avanti Real Estate, Inc. Real Property Tax Exemption Amendment Act 6
of 2025”. 7
Sec. 2. Chapter 46 of Title 47 of the District of Columbia Official Code is amended as 8
follows: 9
(a) The table of contents is amended by adding a new section designation to read as 10
follows: 11
“47-4681. Avanti Real Estate, Inc.; Lot 123, Square 2836.” 12
(b) A new section 47-4681 is added to read as follows: 13
“Sec. 47-4681. Avanti Real Estate, Inc.; Lot 123, Square 2836. 14
“(a)(1) The real property designated for tax purposes as Lot 123, Square 2836, located at 15
3421 14th Street, N.W., ("Property"), which is owned by Avanti Real Estate Services, Inc., shall 16
be exempt from the tax imposed by Chapter 8 of this title for the period beginning October 1, 17
2024, and ending September 30, 2034; provided, that the property is occupied by Avanti Real 18

2
Estate Services, LLC and is used to further the purposes of providing Real Estate and Brokerage 19
services, specializing in creating generational wealth through homeownership, employing 20
District residents, and providing education and training for employment opportunities and 21
careers within the real estate industry. 22
“(2) Any real property taxes, interest, penalties, fees, or other related charges 23
assessed, as of the effective date of this act, against the property are forgiven. 24
“(b)(1) In each year of the exemption period, the Mayor shall certify to the Office of Tax 25
and Revenue the Property's eligibility for the exemption provided pursuant to subsection (a) of 26
this section. 27
“(2) If at any time the Mayor determines that the Property has become ineligible 28
for the exemption provided pursuant to subsection (a) this section, the Mayor shall notify the 29
Office of Tax and Revenue and shall specify the date that the Property became ineligible.” 30
Sec. 3. Fiscal impact statement. 31
The Council adopts the fiscal impact statement in the committee report as the fiscal 32
impact statement required by section 4a of the General Legislative Procedures Act of 1975, 33
approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a). 34
Sec. 4. Effective date. 35
This act shall take effect after approval by the Mayor (or in the event of veto by the 36
Mayor, action by the Council to override the veto), a 30-day period of congressional review as 37
provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 38
24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(1)), and publication in the District of 39
Columbia Register. 40