Plain English Breakdown
The exact amount of tax revenue loss is not specified in the provided source material.
Food & Friends Property Tax Exemption Act
This act amends the District of Columbia's laws to provide a property tax exemption for a specific piece of land owned by Food & Friends, Inc., used for charitable food distribution.
What This Bill Does
- Adds a new section in Title 47 of the District of Columbia Code to provide a property tax exemption for Lot 0005, Square 3766 at 219 Riggs Road NE if it is owned by Food & Friends, Inc. and used for charitable food distribution or related services.
- Specifies that this exemption applies to 100% of the land based on its square footage.
Who It Names or Affects
- Food & Friends, Inc., which owns and uses the property at 219 Riggs Road NE.
- The District of Columbia government, as it will lose tax revenue from this exemption.
Terms To Know
- Property Tax Exemption
- A law that allows certain properties to be free from paying property taxes.
- Charitable Food Distribution
- The act of providing food to people in need as a charitable service.
Limits and Unknowns
- This exemption only applies to the specific property at 219 Riggs Road NE and does not cover other properties.
- It is unclear how much tax revenue will be lost due to this exemption.