Tax abatements for nonprofit organizations locating in emerging commercial neighborhoods — Abatement caps.
The total annual dollar amount of tax abatements approved for an Eligible Nonprofit Zone shall not exceed: $600,000 in the Anacostia Nonprofit Zone; $2.6 million in the Capitol Riverfront Nonprofit Zone; $800,000 in all Designated Nonprofit Zones; $600,000 in the Minnesota-Benning Nonprofit Zone; $1.2 million in the Mount Vernon Triangle Nonprofit Zone; and $2.6 million in the NoMa Nonprofit Zone. The total amount of real property tax abatements approved for qualified nonprofit organizations in all Eligible Nonprofit Zones shall not exceed $500,000 in Fiscal Years 2011, 2012, 2013, and 2014.
Annotations
Sept. 24, 2010, D.C. Law 18-223, § 7042(b), 57 DCR 6242 For temporary (90 day) addition, see § 7042(b) of Fiscal Year 2011 Budget Support Emergency Act of 2010 (D.C. Act 18-463, July 2, 2010, 57 DCR 6542). This section is referenced in § 47-857.12 and § 47-857.13.
Sourced from the DC Council Open Law Library (public domain).
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