District of Columbia Code Division VIII. General Laws. § 47-861. Tax abatements for the redevelopment of vacant and blighted vacant commercial properties -- Abatement period, abatement amount, and caps.

(1) Half of the otherwise applicable tax in each of the first 6 tax years following the tax year during which a certification of tax abatement is issued pursuant to § 47-860.02(e);

(2) Two-thirds of the applicable tax in each of the 7th and 8th tax years following the tax year during which a certification of tax abatement is issued pursuant to § 47-860.02(e);  and

(3) Three-quarters of the applicable tax in each of the 9th and 10th tax years following the tax year during which a certification of tax abatement is issued pursuant to § 47-860.02(e).

(1) For fiscal years 2027, 2028, and 2029, up to $2,500,000;  and

(2) For each succeeding fiscal year after Fiscal Year 2029, up to $3 million.

(c)(1) Prior to the preparation by OTR of tax bills for each half-year installment of tax, the Mayor shall certify to OTR, by a date and in a form and medium prescribed by OTR, each property eligible to receive a real property tax abatement pursuant to a certification issued pursuant to § 47-860.02(e), and the portion of the tax to be abated under subsection (a) of this section for each such property with respect to such half-year installment bill.

(2) The certification required by paragraph (1) of this subsection shall be accompanied by a statement from the Mayor specifying the total amount of the tax abatement under subsection (b) of this section for the semiannual period of the certification that is available to abate the taxes of the properties identified pursuant to paragraph (1) of this subsection.