District of Columbia Tax Revenue Nondiscrimination Act of 1997

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``District of Columbia Tax Revenue 
Nondiscrimination Act of 1997''.

SEC. 2. REPEAL PROVISIONS GRANTING PROPERTY TAX RELIEF TO CERTAIN 
              ENTITIES IN THE DISTRICT OF COLUMBIA.

    (a) In General.--
            (1) American chemical society; american forestry 
        association; brookings institution; carnegie institution of 
        washington, dc; medical society of the district of columbia; 
        national academy of sciences; american pharmaceutical 
        association; national geographic society; national lutheran 
        home; american association to promote the teaching of speech to 
        the deaf.--Section 1(k) of the Act entitled ``An Act to define 
        real property exempt from taxation in the District of 
        Columbia'', approved December 24, 1942 (D.C. Code 47-1002(11)) 
        is hereby repealed.
            (2) Disabled american veterans.--The Act entitled ``An Act 
        to exempt from taxation certain property of the Disabled 
        American Veterans in the District of Columbia'', approved May 
        15, 1946 (D.C. Code 47-1003) is hereby repealed.
            (3) National society of the colonial dames of america.--The 
        Act entitled ``An Act to exempt from taxation certain property 
        of the National Society of the Colonial Dames of America in the 
        District of Columbia'', approved September 7, 1949 (D.C. Code 
        47-1004) is hereby repealed.
            (4) Jewish war veterans, u.s.a., national memorial 
        incorporated.-- Public Law 98-486 (D.C. Code 47-1005) is hereby 
        repealed.
            (5) Louise home.--The Act entitled, ``An Act to incorporate 
        the trustees of the Louise Home, and for other purposes'', 
        approved March 3, 1875 (D.C. Code 47-1012) is hereby repealed.
            (6) Oak hill.--Section 10 of the Act entitled ``An Act to 
        incorporate the Oak Hill Cemetery, in the District of 
        Columbia'', approved March 3, 1849 (D.C. Code 47-1015) is 
        hereby repealed.
            (7) Corcoran gallery of art.--
                    (A) Real property and works of art.--Section 4 of 
                the Act entitled ``An Act to incorporate the Trustees 
                of the Corcoran Gallery of Art, and for other 
                purposes'', approved May 24, 1870 (D.C. Code 47-1016) 
                is hereby repealed.
                    (B) Endowment fund.--The Act entitled ``An Act to 
                exempt from taxation all property held by the trustees 
                of the Corcoran Gallery of Art, and for other 
                purposes'', approved January 26, 1887 (D.C. Code 47-
                1017) is hereby repealed.
            (8) Luther statue association.--Section 4 of the Act 
        entitled ``An Act to incorporate the Luther Statue Association, 
        to erect and maintain a monument or statue in memory of Martin 
        Luther in the District of Columbia'', approved March 3, 1885 
        (D.C. Code 47-1019) is hereby repealed.
            (9) Young woman's christian association.--
                    (A) Young women's christian home.--Section 2 of the 
                Act entitled ``An Act to incorporate the trustees of 
                the Young Woman's Christian Home in Washington, 
                District of Columbia'', approved February 23, 1887 
                (D.C. Code 47-1021) is amended by striking ``: 
                Provided,'' and all that follows and inserting a 
                period.
                    (B) Property.--Section 1 of the Act entitled ``An 
                Act to exempt the property of the Young Women's 
                Christian Association in the District of Columbia from 
                national and municipal taxation'', approved June 16, 
                1938 (D.C. Code 47-1022) is amended by striking ``and 
                municipal''.
            (10) Young men's christian association.--The Act entitled 
        ``An Act to exempt the property of the Young Men's Christian 
        Association of the District of Columbia'', approved June 16, 
        1894 (D.C. Code 47-1024) is hereby repealed.
            (11) Edes home.--Section 2 of the Act entitled ``An Act to 
        incorporate the Edes Home'', approved January 1, 1906 (D.C. 
        Code 47-1026) is amended by striking the second sentence.
            (12) General education board.--Section 6 of the Act 
        entitled ``An Act to incorporate the General Education Board'', 
        approved January 12, 1903 (D.C. Code 47-1027) is hereby 
        repealed.
            (13) Daughters of the american revolution.--The following 
        provisions of law are hereby repealed:
                    (A) The Act entitled ``An Act to exempt from 
                taxation certain property of the Daughters of the 
                American Revolution in Washington, District of 
                Columbia'', approved May 21, 1924 (D.C. Code 47-1028).
                    (B) The Act entitled ``An Act to exempt from 
                taxation certain property of the Daughters of the 
                American Revolution in Washington, District of 
                Columbia'', approved February 27, 1903 (D.C. Code 47-
                1029).
                    (C) The Act entitled ``An Act to exempt from 
                taxation certain property of the Daughters of the 
                American Revolution in Washington, District of 
                Columbia'', approved September 16, 1922 (D.C. Code 47-
                1030).
                    (D) The Act entitled ``An Act to exempt from 
                taxation certain property of the Daughters of the 
                American Revolution in Washington, District of 
                Columbia'', approved August 15, 1916 (D.C. Code 47-
                1031).
                    (E) The Act entitled ``An Act to exempt from 
                taxation certain property of the Daughters of the 
                American Revolution in Washington, District of 
                Columbia'', approved March 3, 1917 (D.C. Code 47-1032).
            (14) National society united states daughters of 1812.--The 
        Act entitled ``An Act to exempt from taxation certain property 
        of the National Society United States Daughters of 1812 in the 
        District of Columbia'', approved June 4, 1934 (D.C. Code 47-
        1033) is hereby repealed.
            (15) National society of the sons of the american 
        revolution.--The Act entitled ``An Act to exempt from taxation 
        certain property of the National Society of the Sons of the 
        American Revolution'', approved June 16, 1934 (D.C. Code 47-
        1034) is hereby repealed.
            (16) American legion.--The Act entitled ``An Act to exempt 
        from taxation certain property of the American Legion in the 
        District of Columbia'', approved June 13, 1934 (D.C. Code 47-
        1035) is hereby repealed.
            (17) National education association.--Section 4 of the Act 
        entitled ``An Act to incorporate the National Education 
        Association of the United States'', approved June 30, 1906 
        (D.C. Code 47-1036) is hereby repealed.
            (18) Society of the cincinnati.--The Act entitled ``An Act 
        to exempt from taxation certain property of the Society of the 
        Cincinnati, a corporation of the District of Columbia'', 
        approved February 24, 1938 (D.C. Code 47-1037) is hereby 
        repealed.
            (19) American veterans of wwii.--The Act entitled ``An Act 
        to exempt from taxation certain property of the AMVETS, 
        American Veterans of WWII, in the District of Columbia'', 
        approved June 28, 1952 (D.C. Code 47-1038) is hereby repealed.
            (20) Veterans of foreign wars.--The Act entitled ``An Act 
        to exempt from taxation certain property of the Veterans of 
        Foreign Wars in the District of Columbia'', approved July 19, 
        1954 (D.C. Code 47-1039) is hereby repealed.
            (21) National woman's party.--Public Law 86-706 (D.C. Code 
        47-1040) is hereby repealed.
            (22) American association of university women, educational 
        foundation, incorporated.--Public Law 86-709 (D.C. Code 47-
        1041) is hereby repealed. .
            (23) National guard association of the united states.--
        Public Law 86-727 (D.C. Code 47-1042) is hereby repealed.
            (24) Woodrow wilson house.--Public Law 88-470 (D.C. Code 
        47-1043) is hereby repealed.
            (25) American institute of architects foundation.--Section 
        203 of the District of Columbia Revenue Act of 1970 (D.C. Code 
        47-1044) is hereby repealed.
    (b) Effective Date.--The amendments made by this section shall 
apply with respect to taxable years beginning after December 1997.

SEC. 3. PERMITTING DISTRICT OF COLUMBIA TO TAX CERTAIN GOVERNMENT-
              SPONSORED ENTERPRISES.

    (a) Federal National Mortgage Association.--Section 309(c)(2) of 
the Federal National Mortgage Association Charter Act (12 U.S.C. 
1723a(c)(2)) is amended by striking ``States, or by the District of 
Columbia'' and inserting ``States (other than the District of 
Columbia)''.
    (b) Federal Home Loan Mortgage Corporation.--Section 303(e) of the 
Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1452(e)) is 
amended by striking ``authority,'' and inserting ``authority (other 
than the District of Columbia)''.
    (c) Student Loan Marketing Association.--Section 439(b)(2) of the 
Higher Education Act of 1965 (20 U.S.C. 1087-2(b)(2)) is amended by 
striking ``States, or by the District of Columbia'' and inserting 
``States (other than the District of Columbia)''.
    (d) Effective Date.--The amendments made by this section shall 
apply with respect to taxable years beginning after December 1997.

Summary: District of Columbia Tax Revenue Nondiscrimination Act of 1997 - Repeals various District of Columbia Code property tax exemptions for specified organizations located in the District of Columbia. Amends specified Federal laws to permit the District of Columbia Government to tax: (1) the Federal National Mortgage Association, (2) the Federal Home Loan Mortgage Corporation, and (3) the Student Loan Marketing Association .