Source: https://development.code.dccouncil.us/dc/council/code/sections/47-857.04.html
Timestamp: 2019-04-21 08:34:19+00:00

Document:
D.C. Law Library - § 47–857.04. Tax abatements for new residential developments — Tax abatement for all new housing projects in Housing Priority Area.
↪ § 47–857.04. Tax abatements for new residential developments — Tax abatement for all new housing projects in Housing Priority Area.
(1) If a project does not use concrete construction throughout the building or does not include underground parking, the per residential FAR square foot tax abatement shall be determined by the Mayor and shall be determined so that the total tax abatement is estimated to be equal to 60% of the difference between the residential real property tax imposed on the project by § 47-811 before and after development.
(B) Within one year after the final certificate of occupancy is issued for the project to which the abatement is transferred.
(c) The Mayor shall be deemed to have certified the groundbreaking if the Deputy Mayor for Planning and Economic Development, or his or her successor, issues a letter certifying the groundbreaking or 20 business days pass after the date of the receipt of a request for the certification by the Deputy Mayor for Planning and Economic Development, or his or her successor, from the project developer; provided, that the request includes a certification by the project architect of the groundbreaking date of the residential project and the Deputy Mayor for Planning and Economic Development, or his or her successor, does not reject the request or request further information.
This section is referenced in § 47-857.02, § 47-857.06, and § 47-857.09.
D.C. Law 15-329 designated the existing text as subsec. (a); in subsec. (a), substituted “With respect to any project for which the owner or its designee satisfies § 47-857.02(a)(1) and (2) on or before December 31, 2004, and subject to” for “Subject to”; and added subsec. (b).
D.C. Law 16-91, in subsec. (a), substituted “September 30, 2004” for “December 31, 2004”; added subsec. (c); and rewrote subsec. (b).
For temporary (90 day) amendment of section, see § 2(a) of Finance and Revenue Technical Corrections Emergency Amendment Act of 2005 (D.C. Act 16-51, March 17, 2005, 52 DCR 3164).
For temporary (90 day) amendment of section, see § 2(b) of Finance and Revenue Technical Amendments Emergency Amendment Act of 2006 (D.C. Act 16-260, January 26, 2006, 53 DCR 780).
For temporary (90 day) amendment of section, see § 2(b) of Finance and Revenue Technical Amendments Congressional Review Emergency Amendment Act of 2006 (D.C. Act 16-361, April 26, 2006, 53 DCR 3619).
For temporary (90 day) amendment of section, see § 25(a) of Finance and Revenue Technical Amendments Second Emergency Amendment Act of 2006 (D.C. Act 16-585, December 28, 2006, 54 DCR 340).
“(B) Within one year after the final certificate of occupancy is issued for the project to which the abatement is transferred.”.
“(A) Five years after receipt by the eligible project of a final certificate of occupancy issued for the entirety of the project; or”.
“(B) Within one year after the final certificate of occupancy is issued for the project to which the abatement is transferred.

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