Section 47-1087 - Hill Center at the Old Naval Hospital; Lot 5, Square 948(a)(1)(A) The real property, described as Lot 5, in Square 948 (commonly known as Hill Center), and any successor lots or any assessment and taxation lots created within Lot 5, ("property") shall be exempt until July 1, 2017, from real property, recordation, and transfer taxation imposed under this title, so long as the real property continues to be leased by the Old Naval Hospital Foundation ("ONHF") under and according to the terms of the lease between the District of Columbia and ONHF, dated December 12, 2010, ("2010 lease") and any holder of a possessory interest in the property shall be exempt from possessory interest taxation imposed under § 47-1005.01 until July 1, 2017, notwithstanding any sublease, license, assignment, or other conveyance of the right to use the property from ONHF to any sub-lessee, licensee, assignee, or other conveyee ("receiving entity"); provided, that the receiving entity uses the property pursuant to, and in conformance with, the use provisions of the 2010 lease and subject to the provisions of § 47-1009; provided further, that both the special exemptions from real property tax and the possessory interest tax under this section shall expire on July 1, 2017.(B) Starting on July 1, 2017, the property, ONHF, and the possessory interest of a receiving entity that could not qualify for a real property tax exemption under § 47-1002 were it the owner of the property shall be subject, as applicable, to § 47-1005, and ONHF, additionally, shall be subject to §§ 47-1007 and 47-1009.(b) The lease, sublease, license, assignment, or other conveyance of any interest for any use of the property described in subsection (a) of this section that is not prohibited by the 2010 lease shall be exempt from recordation and transfer taxation during the period of the exemption described in subsection (a) of this section.Mar. 14, 2012, D.C. Law 19-116, § 2(b), 59 DCR 467; Sept. 26, 2012, D.C. Law 19-171, § 113, 59 DCR 6190; Oct. 30, 2018, D.C. Law 22-168, § 7212, 65 DCR 9388.Section 4 of D.C. Law 19-116 provided: "Sec. 4. Applicability. This act shall apply as of January 1, 2011."