The real property described as Lot 120, Square 5129, and any improvements thereon, shall be exempt from the tax imposed by Chapter 8 of this title during tax years 2011 through 2040; provided, that the total tax exemption provided by this section shall not exceed $30,000 a year.
(Apr. 8, 2011, D.C. Law 18-370, § 722(b), 58 DCR 1008; Oct. 22, 2015, D.C. Law 21-36, § 7122, 62 DCR 10905.)
The 2015 amendment by D.C. Law 21-36 substituted “tax years 2011 through 2040; provided, that the total tax exemption provided by this section shall not exceed $ 30,000 a year” for “tax years 2011, 2012, 2013, 2014, and 2015; provided, that the total tax exemption provided by this section shall not exceed $ 140,000.”
For temporary (90 day) addition of § 47-4649, see § 722(b) of Fiscal Year 2011 Supplemental Budget Support Emergency Act of 2010 (D.C. Act 18-694, January 19, 2011, 58 DCR 662).
For temporary (90 days) amendment of this section, see § 7092 of the Fiscal Year 2016 Budget Support Emergency Act of 2015 (D.C. Act 21-127, July 27, 2015, 62 DCR 10201).
Short title: Section 721 of D.C. Law 18-370 provided that subtitle C of title VII of the act may be cited as “4427 Hayes Street, N.E., Real Property Tax Abatement Act of 2010”.