Source: https://development.code.dccouncil.us/dc/council/code/sections/47-4663.html
Timestamp: 2019-04-23 16:24:12+00:00

Document:
D.C. Law Library - § 47–4663. Soccer Stadium tax abatements.
↪ § 47–4663. Soccer Stadium tax abatements.
(1) "Soccer stadium" means a soccer stadium constructed after October 1, 2014 on a site bounded by Second Street, S.W., T Street, S.W., Half Street, S.W., Potomac Avenue, S.W., and R Street, S.W.
(2) "Soccer stadium site" means the real property described as Squares 603S, 605, 607, 661, and 661N, and the northwest portion of Lot 24 in Square 665 as described in the letter of intent between the District and Potomac Electric Power Company dated December 27, 2013, and all public alleys and streets to be closed within these squares.
(5) Beginning with the 21st lease year and for each lease year thereafter -- zero.
(c)(1) The abatements provided by subsection (b) of this section for any real property tax year may be allocated between half tax years at the discretion of the Office of Tax and Revenue.
(2) The abatements provided by subsection (b) of this section shall terminate at the end of the half tax year during which the soccer stadium ceases to be used as a stadium by a major league soccer team.
(d)(1) All transfers of real property in the soccer stadium site from the possession date, as that term is defined in the revised ground lease transmitted pursuant to [§ 10-1603.04(a)] ("ground lease"), through the end of the term of the ground lease shall be exempt from the taxes imposed by § 42-1103 and § 47-903.
(2) The exemptions provided under paragraph (1) of this subsection shall expire on the termination of the ground lease.
(e) The abatements and exemptions provided by this section shall be in addition to, and not in lieu of, any other tax relief or assistance from any other source applicable to the soccer stadium.
Section 7010 of D.C. Law 22-33 repealed § 301 of D.C. Law 20-233. Therefore the creation of this section by D.C. Law 20-233 has been implemented.
For temporary (90 days) addition of this section, see § 203(b) of the Soccer Stadium Development Emergency Amendment Act of 2014 (D.C. Act 20-557, Dec. 30, 2014, 62 DCR 448, 20 STAT 4467).

References: § 47
 § 47
 § 42
 § 47
 § 301
 § 203