summary
Introduced
12/08/2025
12/08/2025
In Committee
03/03/2026
03/03/2026
Crossed Over
Passed
Dead
Introduced Session
26th Council
Bill Summary
A BILL IN THE COUNCIL OF THE DISTRICT OF COLUMBIA To amend Title 47 of the District of Columbia Official Code to allow the owner occupant residential tax credit available to senior homeowners to be transferred to a replacement residence and to permit aggregation of senior ownership interests to meet eligibility requirements.
AI Summary
This bill amends the District of Columbia tax code to provide more flexibility for senior homeowners regarding their residential tax credit. Specifically, the bill allows seniors aged 65 or older who own at least 50% of a Class 1 property (typically a single-family residential property) to transfer their owner-occupant residential tax credit to a new property when they sell their current home. To qualify, seniors must purchase a replacement property within 12 months of selling their original home, and the new property must also be owned at least 50% by the same group of seniors. The transferable tax credit is limited to the dollar value of the benefits applied to the original property in the previous tax year, ensuring that seniors can maintain their tax benefits when moving to a new home. The bill aims to provide additional financial support and housing flexibility for older residents of the District of Columbia.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Referred to Committee on Committee of the Whole (on 03/03/2026)
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/B26-0532 |
| BillText | https://lims.dccouncil.gov/downloads/LIMS/60956/Introduction/B26-0532-Introduction.pdf |
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