Plain English Breakdown
The official source material does not provide additional details beyond what is already stated.
Tax Relief for Avanti Real Estate Property
This act allows the Chief Financial Officer to forgive up to $377,000 in real property taxes and related charges for a specific piece of land owned by Avanti Real Estate Services, LLC.
What This Bill Does
- Allows the Chief Financial Officer to cancel up to $377,000 in real property taxes, interest, penalties, fees, and other charges for a particular property located at 3421 14th Street NW, Lot 123, Square 2836.
- Specifies that this tax relief applies only if the property is used by Avanti Real Estate Services, LLC for providing real estate services and creating generational wealth through homeownership.
- Cancels any tax sales of the property to collect delinquencies covered under the act.
Who It Names or Affects
- Avanti Real Estate Services, LLC
- The Chief Financial Officer
Terms To Know
- Chief Financial Officer
- A high-ranking official in government who manages financial matters and budgets.
- Tax Relief
- Reduction or cancellation of taxes owed by a property owner.
Limits and Unknowns
- The tax relief is only for one specific piece of land owned by Avanti Real Estate Services, LLC.
- This act expires on March 3, 2026, and will not be in effect longer than 90 days after approval.