Source: https://development.code.dccouncil.us/dc/council/code/sections/47-3506.01.html
Timestamp: 2019-04-21 00:40:40+00:00

Document:
D.C. Law Library - § 47–3506.01. Resident management corporations — Qualifications; exemptions.
↪ § 47–3506.01. Resident management corporations — Qualifications; exemptions.
§ 47–3506. Administration and enforcement — Qualifying nonprofit housing organizations and cooperative housing associations.
§ 47–3507. Certification of program providing low income rental housing.
§ 47–3506.01. Resident management corporations — Qualifications; exemptions.
(a) In order to qualify for an exemption under this section, a resident management corporation shall meet the requirements of section 20 of the United States Housing Act of 1937 (42 U.S.C. § 1437r).
(3) The real property tax pursuant to § 47-1002, through the end of the 10th tax year following the year in which the property is transferred to the resident management corporation.
(c) This section shall apply to real property transferred to all qualifying resident management corporations on, before, or after June 11, 1992. Any taxes owed by a qualifying resident management corporation prior to the enactment of the Public Housing Homeownership Tax Abatement Amendment Act of 1992, which are exempted by the Public Housing Homeownership Tax Abatement Amendment Act of 1992, shall be forgiven. Any taxes paid by a qualifying resident management corporation prior to the enactment of the Public Housing Homeownership Tax Abatement Amendment Act of 1992, which are exempted by the Public Housing Homeownership Tax Abatement Amendment Act of 1992, shall be refunded.
This section is referenced in § 42-1102, § 47-902, and § 47-1002.
Deeds, recordation tax, exempt deeds, see § 42-1102.
Real property transfer tax, exempt transfers, see § 47-902.
The “Public Housing Homeownership Tax Abatement Amendment Act of 1992,” referred to in four places in (c), is D.C. Law 9-120, codified as §§ 34-2413.02, 34-2105.05, 42-1102, 47-902, 47-1002 and this section.
Mayor authorized to issue rules: Section 5 of D.C. Law 9-120 provided that the Mayor may issue rules to implement the provisions of the act.

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