2013 District of Columbia Code
Division VIII — GENERAL LAWS
Title 47 — TAXATION, LICENSING, PERMITS, ASSESSMENTS, AND FEES
Chapter 46 — SPECIAL TAX INCENTIVES
Section 47-4624 — The Urban Institute - 10-year real property tax abatement.

(a) Subject to subsection (b) of this section, the tax imposed by Chapter 8 of this title on the portion of the real property described as Lot 840, Square 673 that is owned by The Urban Institute, shall be abated during the following tax years in the following amounts:
(1) Tax year 2010: $200,000; provided, that the abatement shall be applied to the 2nd semiannual installment;
(2) Tax year 2011: $625,000;
(3) Tax year 2012: $925,000;
(4) Tax year 2013: $1.5 million;
(5) Tax year 2014: $1.6 million;
(6) Tax year 2015: $1.7 million;
(7) Tax year 2016: $1.8 million;
(8) Tax year 2017: $1.9 million;
(9) Tax year 2018: $2 million;
(10) Tax year 2019: $2.1 million; and
(11) Tax year 2020: $650,000.
(b) The abatement of real property taxes provided for by subsection (a) of this section shall apply so long as:
(1) The real property continues to be owned and, except as set forth in paragraph (2) of this subsection, occupied by The Urban Institute;
(2) At least 10,000 square feet of the real property is leased at a rate below the market rate to tenants that are exempt from federal taxation under section 501(c)(3) of the Internal Revenue Code of 1986, approved August 16, 1954 (68A Stat. 163; 26 U.S.C. § 501(c)(3)), and the leased real property is used for the tenants' exempt purposes; and
(3) The Urban Institute files the report required by § 47-1007(a), and includes the following:
(A) The name of each tenant of the real property that is exempt from federal taxation under section 501(c)(3) of the Internal Revenue Code of 1986, approved August 16, 1954 (68A Stat. 163; 26 U.S.C. § 501(c)(3));
(B) The square footage leased by each such tenant;
(C) A certification that each such tenant is being charged a lease rate that is below the market rate, a statement of the lease rate per square foot, and an explanation of the basis upon which the determination was made that each such tenant's lease rate is below the market rate; and
(D) Other information as may be required by the Chief Financial Officer.
(c) The Urban Institute shall be subject to § 47-1007(b) and (c).

History
(Mar. 3, 2010, D.C. Law 18-111, § 7161(b), 57 DCR 181; Sept. 26, 2012, D.C. Law 19-171, § 130, 59 DCR 6190.)

Annotations
Effect of Amendments. The 2012 amendment by D.C. Law 19-171 validated a previously made technical correction.

Temporary Addition of Section. Section 2(b) of D.C. Law 17-376 added a section to read as follows:
"§ 47-4620. The Urban Institute - 10-year real property tax abatement.
"(a) Subject to subsection (b) of this section, the tax imposed by Chapter 8 of this title on the portion of the real property described as Lot 840, Square 673, that is owned by The Urban Institute, shall be abated during the following tax years in the following amounts:
"(1) Tax year 2010: $200,000; provided, that such abatement shall be applied to the 2nd semiannual installment;
"(2) Tax year 2011: $625,000;
"(3) Tax year 2012: $925,000;
"(4) Tax year 2013: $1,500,000;
"(5) Tax year 2014: $1,600,000;
"(6) Tax year 2015: $1,700,000;
"(7) Tax year 2016: $1,800,000;
"(8) Tax year 2017: $1,900,000;
"(9) Tax year 2018: $2,000,000;
"(10) Tax year 2019: $2,100,000; and
"(11) Tax year 2020: $650,000.
"(b) The abatement of real property taxes provided for by subsection (a) of this section shall apply so long as:
"(1) The real property continues to be owned and, except as set forth in paragraph (2) of this subsection, occupied by The Urban Institute;
"(2) At least 10,000 square feet of the real property is leased at a rate below the market rate to tenants that are exempt from federal taxation under section 501(c)(3) of the Internal Revenue Code of 1986, approved August 16, 1954 (68A Stat. 163; 26 U.S.C. § 501(c)(3)), and the leased real property is used for the tenants' exempt purposes; and
"(3) The Urban Institute files the report required by § 47-1007(a) and:
"(A) The name of each tenant of the real property that is exempt from federal taxation under section 501(c)(3) of the Internal Revenue Code of 1986, approved August 16, 1954 (68A Stat. 163; 26 U.S.C. § 501(c)(3));
"(B) The square footage leased by each such tenant;
"(C) A certification that each such tenant is being charged a lease rate that is below the market rate, a statement of the lease rate per square foot, and an explanation of the basis under which the determination was made that each such tenant's lease rate is below the market rate; and
"(D) Such other information as may be required by the Chief Financial Officer.
"(c) The Urban Institute shall be subject to § 47-1007(b) and (f).".
Section 5(b) of D.C. Law 17-376 provided that the act shall expire after 225 days of its having taken effect.

Emergency Legislation. For temporary (90 day) addition, see § 2(b) of The Urban Institute Real Property Tax Abatement Emergency Act of 2008 (D.C. Act 17-648, January 6, 2009, 56 DCR 904).
For temporary (90 day) addition, see § 7161(b) of Fiscal Year 2010 Budget Support Second Emergency Act of 2009 (D.C. Act 18-207, October 15, 2009, 56 DCR 8234).
For temporary (90 day) addition, see § 7161(b) of Fiscal Year Budget Support Congressional Review Emergency Amendment Act of 2009 (D.C. Act 18-260, January 4, 2010, 57 DCR 345).

Legislative History of Law 18-111. For Law 18-111, see notes following § 47-305.02.

Legislative History of Law 19-171. Law 19-171, the "Technical Amendments Act of 2012," was introduced in Council and assigned Bill No. 19-397. The Bill was adopted on first and second readings on Mar. 20, 2012, and Apr. 17, 2012, respectively. Signed by the Mayor on May 23, 2012, it was assigned Act No. 19-376 and transmitted to Congress for its review. D.C. Law 19-171 became effective on September 26, 2012.

Short Title. Short title: Section 7160 of D.C. Law 18-111 provided that subtitle N of title VII of the act may be cited as the "The Urban Institute Real Property Tax Abatement Act of 2009".