Bill > B26-0453

This bill authorizes the Chief Financial Officer of the District of Columbia to forgive up to $377,000 in real property taxes, interest, penalties, and related charges for a specific property located at 3421 14th Street, NW, owned by Avanti Real Estate Services, LLC, during Fiscal Year 2026. The tax relief is contingent on the property being occupied by Avanti Real Estate Services and used to provide real estate and brokerage services, with a focus on creating generational wealth through homeownership, employing District residents, and offering education and training for real estate careers. The bill also cancels any tax sales related to the forgiven delinquencies. This emergency act will take effect upon mayoral approval and remain in effect for no more than 90 days, as permitted under the District of Columbia Home Rule Act. The bill includes a provision adopting the Budget Director's fiscal impact statement and is designed to provide targeted tax relief to a specific business with stated community development goals.

https://lims.dccouncil.gov/Legislation/B26-0453