Section 47-4646 - NCBA Housing Development Corporation of the District of Columbia and Samuel J. Simmons NCBA Estates No. 1 Limited Partnership; Lot 78, Square 2855(a) The real property, described as Lot 78, Square 2855 ("real property"), which will be transferred from NCBA Housing Development Corporation of the District of Columbia, a District of Columbia nonprofit corporation, to Samuel J. Simmons NCBA Estates No. 1 Limited Partnership, shall be exempt from the tax imposed by Chapter 8 of this title so long as the real property is owned by Samuel J. Simmons NCBA Estates No. 1 Limited Partnership, or its successors and assigns, and is used to provide housing for low-income and moderate-income elderly District residents.(b) The exemption under subsection (a) of this section shall be subject to the provisions of §§ 47-1005, 47-1007, and 47-1009.(c) The conveyance of the real property from NCBA Housing Development Corporation of the District of Columbia to Samuel J. Simmons NCBA Estates No. 1 Limited Partnership shall be exempt from the tax imposed by § 42-1103 and § 47-903.Mar. 12, 2011, D.C. Law 18-311, § 2(b), 57 DCR 12396.Sections 3 and 4 of D.C. Law 18-311 provided:
"Sec. 3. Sunset. This act shall expire 360 months after its effective date.
"Sec. 4. Applicability. This act shall apply upon the inclusion of its fiscal effect in an approved budget and financial plan."
D.C. Law 18-311, § 4, was repealed by D.C. Law 19-168, § 7003.