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D.C. Code § 47-857.09

Tax abatements for new residential developments — Abatement caps

Apr. 19, 2002, D.C

(a) The Mayor may approve up to $2.5 million in annual tax abatements under §§ 47-857.03 and 47-857.05; provided, the Mayor may approve only up to $500,000 in annual tax abatements in fiscal year 2003.

(b) The Mayor may approve up to $2 million in annual tax abatements under §§ 47-857.04 and 47-857.06.

(c) The Mayor may approve up to $3.5 million in annual tax abatements under §§ 47-857.07 and 47-857.08; provided, that $500,000 shall be reserved for properties in eligible area #4.

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.