Bill > B26-0221

This bill provides a specific real property tax exemption for the Mu Lambda Foundation, Inc.'s property located at 2405 First Street, NW, in Washington, D.C. (identified as Lot 157, Square 3127). The tax exemption will be in effect from January 1, 2025, to January 1, 2055, as long as the property remains owned by the Mu Lambda Foundation, Inc. The exemption covers taxes imposed under Chapter 8 of the District of Columbia's tax code and is designed to be in addition to any other tax relief or assistance the organization might already receive. By amending Chapter 10 of Title 47 of the District of Columbia Official Code, the bill creates a new section specifically tailored to this property's tax status. The bill will become effective after receiving mayoral approval (or a mayoral veto override), completing a 30-day congressional review period, and being published in the District of Columbia Register.

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https://lims.dccouncil.gov/Legislation/B26-0221