The Mayor shall not require the owner of a converted condominium unit occupied by a low-income tenant to pay real property tax for the unit. The proportionate value for a unit in a converted cooperative housing accommodation occupied by a low-income tenant shall be exempt from real property tax.
D.C. Code § 42-3402.09
Property tax abatement
Known as the Conversion of Rental Housing to Condominium or Cooperative Status Act
The act spans §§ 42–42 (11 sections).
Sept. 10, 1980, D.C
Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.