D.C. Code § 47-1072

Current through codified legislation effective September 18, 2024

Section 47-1072 - New Columbia Community Land Trust; lots 803, 804, 805, 806, 807, and 808 in square 4110

(a) The real property located at lots 803, 804, 805, 806, 807, and 808 in square 4110 shall be exempt from taxation so long as the property is owned by the New Columbia Community Land Trust and the property is used as a public park.

(b)

(1) The Council orders that all unpaid real property taxes, interest, penalties, fees, and other related charges assessed against real property located at lots 803, 804, 805, 806, 807, and 808 in square 4110, shall be forgiven; provided, that if the property is used or sold for any purpose other than as a public park or for the provision of affordable housing, the sum of all such unpaid real property tax and penalties and all real property taxes accruing thereafter, plus 5% interest, shall be paid to the District of Columbia from the proceeds from the sale; provided further, that this subsection shall constitute a lien against the real property to secure the repayment of such amounts.

(2) For the purposes of this subsection, the term "affordable housing" means residential real property provided under the standards of any affordable housing program in the District of Columbia.

(c) The exemption under this section shall be subject to the provisions of §§ 47-1007 and 47-1009.

D.C. Code § 47-1072

June 16, 2006, D.C. Law 16-131, § 2(b), 53 DCR 4725.

Section 3 of D.C. Law 16-131 provided:

"Sec. 3. The Office of the Chief Financial Officer shall include the fiscal effect of this act in its February 15, 2006 revenue estimates, subject to the priorities in section 1042 of the Fiscal Year 2006 Budget Support Act of 2005, effective October 20, 2005 (D.C. Law 16-33; 52 DCR 7503).".

Applicability of D.C. Law 16-131: Section 4 of D.C. Law 16-131, as amended by D.C. Law 17-219, § 7076, provided:

"Sec. 4. Applicability. This act shall take effect subject to:

"(1) Repealed.

"(2) The payment by the New Columbia Community Land Trust of all legal and administrative costs of the purchaser at tax sale of the property located at lots 803, 804, 805, 806, 807, and 808 in square 4110 from the tax sale of the property."