2023 District of Columbia Code › Title 47 - Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title] › Chapter 9 - Transfer Tax on Real Property › § 47–919. Disposition of monies collected

§ 47–919. Disposition of monies collected.
All monies collected under this chapter shall be deposited in the General Fund, except that:
(a) In fiscal years ending before October 1, 2023:
(1) 15% of the monies collected under this chapter shall be deposited into the Housing Production Trust Fund established by § 42-2802 ("Housing Production Trust Fund");
(2) 85% of the monies collected under this chapter for the transfer of Lots 836, 837 and 855 in Square 37, or such successor record or assessment and taxation lots as may be created through future subdivision or creation of condominium units, shall be deposited in the West End Library and Fire Station Maintenance Fund established by § 1-325.181 ("West End Library and Fire Station Maintenance Fund");
(b) In Fiscal Years 2024, 2025, 2026, and 2027:
(1) The lesser of the following amounts shall be deposited in the Housing Production Trust Fund:
(A) 15% of the monies collected under this chapter; or
(B) 102% of the amount deposited into the Housing Production Trust Fund in the prior fiscal year pursuant to this section;
(2) 85% of the monies collected under this chapter for the transfer of Lots 836, 837 and 855 in Square 37, or such successor record or assessment and taxation lots as may be created through future subdivision or creation of condominium units, shall be deposited in the West End Library and Fire Station Maintenance Fund; and
(c) In fiscal years beginning on or after October 1, 2027:
(1) 15% of the monies collected under this chapter shall be deposited into the District of Columbia Housing Authority capital project DEVELOPMENT AND REHABILITATION-DCHA.
(2) 15% of the monies collected under this chapter shall be deposited into the Housing Production Trust Fund; and
(3) 70% of the monies collected under this chapter for the transfer of Lots 836, 837 and 855 in Square 37, or such successor record or assessment and taxation lots as may be created through future subdivision or creation of condominium units, shall be deposited in the West End Library and Fire Station Maintenance Fund.
(Sept. 13, 1980, D.C. Law 3-92, § 419, 27 DCR 3390; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575; Apr. 19, 2002, D.C. Law 14-114, § 502(a), 49 DCR 1468; Apr. 8, 2011, D.C. Law 18-368, § 7, 58 DCR 991; Sept. 6, 2023, D.C. Law 25-50, § 2183(b), 70 DCR 10366.)
Prior Codifications
1981 Ed., § 47-919.
Effect of Amendments
D.C. Law 14-114 substituted “General Fund; provided, that 15% of the monies collected under this chapter shall be deposited into the Housing Production Trust Fund established by § 42-2802” for “General Fund”.
D.C. Law 18-368 substituted “Trust Fund established by § 42-2802; and provided further that 85% of the monies collected from Lots 836, 837 and 855 in Square 37 (or such successor record or assessment and taxation lots as may be created through future subdivision or creation of condominium units), shall be deposited in the West End Library and Fire Station Maintenance Fund established by § 1-325.181 ” for “Trust Fund established by § 42-2802”.