Source: https://development.code.dccouncil.us/dc/council/code/sections/47-4701.html
Timestamp: 2019-04-20 03:00:42+00:00

Document:
D.C. Law Library - § 47–4701. TAFA requirements.
↪ Chapter 47. Exemptions and Abatements Approval Requirements.
↪ § 47–4701. TAFA requirements.
Chapter 47. Exemptions and Abatements Approval Requirements.
§ 47–4702. Annual certification of continuing eligibility for exemptions and abatements from real property tax.
(a) A bill introduced in the Council that grants an exemption or abatement of a tax imposed by this title or by § 42-1103, unless the exemption or abatement is one of general applicability, shall not receive a Council hearing until a completed tax abatement financial analysis (“TAFA”) has been provided to the Council and made available to the public.
(iv) For exemptions or abatements related to a category or group of property owners or taxpayers that cannot be readily identified, a review and analysis of the public policy goal intended to be addressed, if applicable, by the exemption or abatement, including whether the exemption or abatement is appropriately targeted and likely to achieve the intended goal.
(vii) A description of any other public policy goal that the exemption or abatement is meant to address, including expected results.
(B) The summary shall state which community benefits are already required by law, such as inclusionary zoning, the community amenities that have already been negotiated as part of a planned-unit-development approval, and the requirements or incentives already included in law or regulation, such as environmental standards.
This section is referenced in § 47-4703.
The 2012 amendment by D.C. Law 19-171 validated a previously made technical correction in (b)(3)(A)(ii).
The 2014 amendment by D.C. Law 20-117 rewrote (b)(1)(F)(iii) and (iv); and substituted “where applicable” for “for a bill that grants an exemption or abatement to a housing development” in the introductory language of (b)(2)(A).
Section 10(b) of D.C. Law 22-250 required that the amendments made to this section by D.C. Law 22-250, (1) Apply as of November 4, 2020; and (2) Not apply to contracts, as defined in D.C. Official Code § 1-1161.01(10C)(A)(ii)), including those contracts' option periods or similar contract extensions or modifications, sought, entered into, or executed before November 4, 2020.
For temporary (90 day) amendment of this section, see §§ 2(b), 3(b), and 6 of the Fiscal Year 2014 Budget Support Technical Clarification Emergency Amendment Act of 2013 (D.C. Act 20-180, October 4, 2013, 60 DCR 1949).).
For temporary (90 days) amendment of this section, see § 7162(a) of the Fiscal Year 2014 Budget Support Emergency Act of 2013 (D.C. Act 20-130, July 30, 2013, 60 DCR 11384, 20 DCSTAT 1827).
For temporary (90 days) amendment of this section, see § 7162(a) of the Fiscal Year 2014 Budget Support Congressional Review Emergency Act of 2013 (D.C. Act 20-204, October 17, 2013, 60 DCR 15341, 20 DCSTAT 2311).
For temporary (225 days) amendment of section, see § 3 of the Fiscal Year 2014 Budget Support Technical Clarification Temporary Amendment Act of 2013 (D.C. Law 20-56, December 13, 2013, 60 DCR 15165).
Short title: Section 7141 of D.C. Law 19-21 provided that subtitle O of title I of the act may be cited as “Exemptions and Abatements Information Requirements Act of 2011”.
Section 7161 of D.C. Law 20-61 provided that Subtitle P of Title VII of the act may be cited as the “Tax Abatement Financial Analysis Requirements Act of 2013”.
Applicability of D.C. Law 20-117: Section 18 of D.C. Law 20-117 provided that the act shall apply as of October 1, 2013.

References: § 47
 § 47

§ 47
 § 42
 § 47
 § 1
 § 7162
 § 7162
 § 3