Plain English Breakdown
The bill does not specify how it affects District of Columbia residents other than Avanti Real Estate Services, LLC.
Tax Help for Avanti Real Estate
This bill allows the Chief Financial Officer to use up to $377,000 from the District's budget to forgive real property taxes and related charges for a specific piece of land owned by Avanti Real Estate Services, LLC.
What This Bill Does
- Gives the Chief Financial Officer authority to spend up to $377,000 from the District's Fiscal Year 2026 budget.
- This money is used to cancel real property taxes, interest, penalties, fees, and other charges for a specific piece of land owned by Avanti Real Estate Services, LLC.
- The land in question is located at 3421 14th Street NW and has a tax designation of Lot 123, Square 2836.
Who It Names or Affects
- Avanti Real Estate Services, LLC
- District of Columbia residents who pay real property taxes
Terms To Know
- Chief Financial Officer
- The person in charge of managing the District's money and budget.
- Emergency Declaration Resolution
- A special type of bill that allows quick action to address urgent situations.
Limits and Unknowns
- This resolution only applies to one specific piece of property owned by Avanti Real Estate Services, LLC.
- The exact details on how the money will be used are not provided in this summary.