Bill
Bill > B26-0125
DC B26-0125
DC B26-01252607 Connecticut Avenue NW Timeline Extension and Tax Forgiveness Act of 2025
summary
Introduced
02/14/2025
02/14/2025
In Committee
01/09/2026
01/09/2026
Crossed Over
Passed
Dead
Introduced Session
26th Council
Bill Summary
A BILL IN THE COUNCIL OF THE DISTRICT OF COLUMBIA To extend the 12-month requirement for certification of a Nonprofit Workforce Housing Property for the residential apartment building located at 2607 Connecticut Avenue NW and owned by 2607 Connecticut LLC, and to forgive and refund any tax assessed or paid since January 23, 2023, with respect to that property if it qualifies for exemption under that provision, as modified.
AI Summary
This bill extends the timeline for 2607 Connecticut LLC to certify a Nonprofit Workforce Housing Property located at 2607 Connecticut Avenue NW from 12 months to 36 months after property acquisition. The bill allows the property owner additional time to meet certification requirements under D.C. Official Code § 47-1005.03, and if the property is ultimately confirmed as tax-exempt, it provides retroactive tax forgiveness. Specifically, if the property receives the exempt status, all real property and recordation taxes assessed since January 23, 2023, will be forgiven, and any taxes already paid during that period will be refunded to the taxpayer. The bill will take effect after mayoral approval and a 30-day congressional review period, which is standard procedure for legislation in the District of Columbia. The legislation appears to be a targeted measure to provide financial and procedural flexibility for a specific property development project.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Referred to Committee on Committee of the Whole (on 01/09/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lims.dccouncil.gov/Legislation/B26-0125 |
| BillText | https://lims.dccouncil.gov/downloads/LIMS/57153/Introduction/B26-0125-Introduction.pdf |
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