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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The total annual dollar amount of tax abatements approved for an Eligible Nonprofit Zone shall not exceed:
(1) $600,000 in the Anacostia Nonprofit Zone;
(2) $2.6 million in the Capitol Riverfront Nonprofit Zone;
(3) $800,000 in all Designated Nonprofit Zones;
(4) $600,000 in the Minnesota-Benning Nonprofit Zone;
(5) $1.2 million in the Mount Vernon Triangle Nonprofit Zone; and
(6) $2.6 million in the NoMa Nonprofit Zone.
(b) The total amount of real property tax abatements approved for qualified nonprofit organizations in all Eligible Nonprofit Zones shall not exceed $500,000 in Fiscal Years 2011, 2012, 2013, and 2014.
Cite this article: FindLaw.com - District of Columbia Code Division VIII. General Laws. § 47-857.15. Tax abatements for nonprofit organizations locating in emerging commercial neighborhoods--Abatement caps. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-viii-general-laws/dc-code-sect-47-857-15/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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