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B26-0682 • 2025

Reservoir District Tax Exemption Temporary Amendment Act of 2026

Reservoir District Tax Exemption Temporary Amendment Act of 2026

Budget Housing Taxes
Active

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

Sponsor
Parker
Last action
2026-05-05
Official status
Under Council Review
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details about the exact amount or duration of tax exemptions for property owners.

Temporary Tax Exemption for Affordable Housing

This bill temporarily amends the tax code to provide a property tax exemption for affordable housing units in the Reservoir District.

What This Bill Does

  • Changes the current law to allow a temporary tax exemption for certain properties used as affordable housing.
  • Requires that one-third of rental units in these properties must be designated as affordable housing based on income limits set by HUD (U.S. Department of Housing and Urban Development).
  • Includes a fiscal impact statement prepared by the Budget Director.

Who It Names or Affects

  • Property owners who have properties designated as affordable housing in the Reservoir District.
  • Households that qualify for affordable housing based on income limits set by HUD.

Terms To Know

Affordable Housing
Housing units that are made available to people who earn up to a certain percentage of the area's median income, as defined by federal guidelines.
HUD
U.S. Department of Housing and Urban Development, which sets standards for affordable housing.

Limits and Unknowns

  • The bill is temporary and will expire after 225 days from when it takes effect.
  • It does not specify the exact amount or duration of tax exemptions provided to property owners.

Bill History

  1. 2026-05-05 Council of the District of Columbia LIMS

    Retained by the Council

  2. 2026-05-05 Council of the District of Columbia LIMS

    Legislative Meeting

  3. 2026-05-04 Council of the District of Columbia LIMS

    B26-0682 Introduced by Councilmember Parker at Office of the Secretary

Official Summary Text

Reservoir District Tax Exemption Temporary Amendment Act of 2026

Current Bill Text

Read the full stored bill text 
ENGROSSED ORIGINAL

1

A BILL 1
2
26-682 3
4
IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 5
6
_________________________ 7
8
9
To amend, on an temporary basis, Chapter 46 of Title 47 of the District of Columba 10
Official Code to designate the property as affordable housing for which Fair Market Rents, as 11
calculated by the US Department of Housing and Urban Development, apply. 12
13
BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this 14
Act may be cited as the “Reservoir District Tax Exemption Temporary Amendment Act 15
of 2026”. 16
Sec. 2. § 47–4683 is amended as follows: 17
(a) Section 47-4683(b)(2) is amended to read as follows: 18
“(2) Set aside 1/3 of the operating rental housing units in the Property as affordable as 19
defined by 26 U.S. Code § 42(g)(2)(A). The units designated as affordable will be available to 20
households qualifying for the 80 Percent Income Limit Category of the Multifamily Tax Subsidy 21
Project Income Limits for the Washington-Arlington-Alexandria, DC-VA-MD HUD Metro Fair 22
Market Rent Area as reported annually by the US Department of Housing and Urban 23
Development and made in a manner consistent with I.R.C. § 142(d)(2)(B). 24
Sec. 3. Fiscal impact statement. 25
ENGROSSED ORIGINAL

2

The Council adopts the fiscal impact statement of the Budget Director as the 26
fiscal impact statement required by section 4a of the General Legislative Procedures Act of 1975, 27
approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a). 28
Sec. 3. Fiscal impact statement. 29
The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact 30
statement required by section 4a of the General Legislative Procedures Act of 1975, approved 31
October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a). 32
Sec. 4. Effective date. 33
(a) This act shall take effect following approval by the Mayor (or in the event of veto by 34
the Mayor, action by the Council to override the veto), a 30-day period of congressional review 35
as provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 36
24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(1)), and publication in the District of 37
Columbia Register. 38
(b) This act shall expire after 225 days of its having taken effect. 39