D.C. Mun. Regs. tit. 9, r. 9-500

Current through Register 71, No. 45, November 7, 2024

Rule 9-500 - GENERAL PROVISIONS

500.1

The provisions of this chapter are adopted under authority of § 317 of the District of Columbia Real Estate Deed Recordation Tax Act of 1962, Pub. L. 87-408 (also referred to in this chapter as the "Act"), as amended (D.C. Official Code § 42-1117 (2001 ed.)).

500.2

For the purposes of this chapter, the words, terms, and phrases defined in the Act shall have the same meanings when used in this chapter, unless otherwise required by the context of this chapter.

500.3

When used in this chapter, the term "Deputy Chief Financial Officer" shall mean the Deputy Chief Financial Officer of the Office of Tax and Revenue ("Office"), or the Deputy Chief Financial Officer's lawfully appointed agent, representative, or designee.

500.4

When used in this chapter, the term "Recorder of Deeds" shall mean the Recorder of Deeds of the District of Columbia, or his or her lawfully appointed agent, representative, or designee.

500.5

For the purposes of the Act, the term "parent" means an individual who is the natural parent of a child or an individual who has legally adopted a child. The term "child" includes both minor and adult children.

500.6

For the purposes of the Act, the term "new real estate construction" means the development or improvement of a structure located upon or attached to land, including any improvement, restoration, addition to, or rehabilitation of any existing structure, if the value of the improvement, restoration, addition, or rehabilitation exceeds fifty percent (50%) of the assessed value of any structure existing prior to the improvement, restoration, addition, or rehabilitation.

500.7

The provisions of §§ 515 through 526 are adopted under § 2(c)(3) of the District of Columbia Recordation of Economic Interests in Real Property Tax Amendment Act of 1989 (hereinafter referred to as the "Recordation of Economic Interests Act)."

500.8

For purposes of the Recordation of Economic Interests Act, the phrase "Holds real property" means the ownership by, or lease or ground rent for a term (with renewals) of at least thirty (30) years to, a corporation, partnership, association, trust or other entity of real property located in the District of Columbia.

500.9

For purposes of the Act, the term "refinance" does not include the issuance of a new series of bonds secured by an indenture that also secures previously issued bonds.

D.C. Mun. Regs. tit. 9, r. 9-500

Commissioners' Order 62-751 effective April 26, 1962, published at 8 DCR 278 (May 14, 1962); as amended by Final Rulemaking published at 36 DCR 8653 (December 29, 1989); as amended by Final Rulemaking published at 61 DCR 4717 (May 9, 2014)

Authority: Section 317 of the District of Columbia Deed Recordation Tax Act of 1962, approved March 2, 1962, as amended (76 Stat. 11; D.C. Official Code § 42-1117 (2012 Repl.)); Section 2(c)(3) of the District of Columbia Recordation of Economic Interests in Real Property Tax Amendment Act of 1989, effective September 9, 1989 (D.C. Law 8-20; 36 DCR 4564 (June 30, 1989)); Section 201(a) of the 2005 District of Columbia Omnibus Authorization Act , approved October 16, 2006 (120 Stat. 2019; Pub.L. 109-356, D.C. Official Code § 1-102.24 d (2012 Repl.)); and the Office of the Chief Financial Officer Financial Management and Control Order No. 00-5, effective June 7, 2000.