Plain English Breakdown
The bill is currently under Council review; it has not yet become law or taken effect as indicated by the status label.
Timeline Extension and Tax Forgiveness for a Specific Building at 4111 Kansas Avenue NW
This bill gives SOME, Inc. more time to meet housing rules for one building in Washington, D.C., and orders the government to forgive and return property taxes paid on that building since May 2022.
What This Bill Does
- Excuses a specific property owned by SOME, Inc. at 4111 Kansas Avenue NW from standard recertification requirements for nonprofit workforce housing under D.C. law.
- Gives the owner 48 months from the date of acquisition to meet those recertification requirements instead of following the usual timeline.
- Forgives and refunds all real property and recordation taxes assessed on that building starting May 21, 2022, through the end of the new deadline.
Who It Names or Affects
- SOME, Inc., the owner of the building located at 4111 Kansas Avenue NW.
- The District of Columbia government agencies responsible for collecting taxes and certifying housing properties.
Terms To Know
- Recertification
- The process where a property owner proves their building still meets specific rules to keep its special tax status or classification as nonprofit workforce housing.
- Nonprofit workforce housing
- Housing owned by a nonprofit group that is designed for people who work in the community but may have lower incomes, under D.C. law section 47-1005.03(b).
Limits and Unknowns
- This act applies only to one specific address and does not change rules for other buildings.
- The bill cannot take effect until the Mayor approves it, Congress reviews it for 30 days, and it is published in an official register.