District Of Columbia 2023-2024 Regular Session

District Of Columbia Council Bill B25-0335 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	ENROLLED ORIGINAL
2	1
3		-
4		-
5		-
6		-
7		-	AN ACT
8		-
9		-	____________
10		-
11		-	IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
12		-
13		-	________________________
14		-
15		-	To amend, on an emergency basis, the Business Improvement Districts Act of 1996 to revise the
16		-	tax rates of assessment for property owners in and to revise the residential tax rate for
17		-	residential members of the Golden Triangle Business Improvement District.
18		-
19		-	BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
20		-	act may be cited as the “Golden Triangle Business Improvement District Emergency
21		-	Amendment Act of 2023”.
22		-
23		-	Sec. 2. Section 202(c)(2) of the Business Improvement Districts Act of 1996, effective
24		-	March 17, 2005 (D.C. Law 15-257; D.C. Official Code § 2-1215.52(c)(2)), is amended by
25		-	adding a new subparagraph (E) to read as follows:
26		-	“(E) For tax year 2024 and thereafter:
27		-	“(i)(I) Nineteen cents for each net rentable square foot of improved
28		-	Class 2 Property and Class 3 Property, excluding hotels, for any property for which the owner is
29		-	required to report net rentable area to the Office of Tax and Revenue or for which the Office of
30		-	Tax and Revenue has records indicating the net rentable area of the property.
31		-	“(II) Net Rentable square feet shall be the number of net
32		-	rentable square feet reported to, or on record with, the Office of Tax and Revenue;
33		-	“(ii)(I) Nineteen cents for each equivalent net rentable square foot
34		-	of improvements of improved Class 2 Property and Class 3 Property, excluding hotels, for any
35		-	property for which the owner is not required to report net rentable area to the Office of Tax and
36		-	Revenue and for which the Office of Tax and Revenue maintains no record of net rentable area.
37		-	“(II) Equivalent net rentable area shall be 90% of the gross
38		-	building area;
39		-	“(iii)(I) Sixteen cents for each equivalent net rentable square foot
40		-	of improvements of hotels.
41		-	“(II) Equivalent net rentable areas shall be 90% of the
42		-	gross building area; and
43		-	“(iv) The amount of $163 per residential unit annually for
44		-	nonexempt residential properties; provided, that for a residential unit restricted to residents based
45		-	upon income pursuant to a federal or District affordable housing program, which the BID shall
46		-	identify and certify as such, the BID tax due on the unit shall be computed by applying the ENROLLED ORIGINAL
47		-
48		-
49		-
50		-
51		-
52		-	percentage of area median income that an eligible household must meet to participate in the
53		-	affordable housing program for the unit to the amount of the BID tax that would otherwise be
54		-	due.”.
55		-
56		-	Sec. 3. Fiscal impact statement.
57		-	The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact
58		-	statement required by section 4a of the General Legislative Procedures Act of 1975, approved
59		-	October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a).
60		-
61		-	Sec. 4. Effective date.
62		-	This act shall take effect following approval by the Mayor (or in the event of veto by the
63		-	Mayor, action by the Council to override the veto), and shall remain in effect for no longer than
64		-	90 days, as provided for emergency acts of the Council for the District of Columbia in section
65		-	412(a) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 788;
66		-	D.C. Official Code § 1-204.12(a)).
67		-
68		-
69		-
70		-	______________________________
71		-	Chairman
72		-	Council of the District of Columbia
73		-
74		-
75		-
76		-
77		-
78		-	_________________________________
79		-	Mayor
80		-	District of Columbia
81		-
82		-
83		-
	2	+	1
	3	+	______________________________ ______________________________ 2
	4	+	Councilmember Brooke Pinto Councilmember Kenyan R. McDuffie 3
	5	+	4
	6	+	A BILL 5
	7	+	6
	8	+	____________ 7
	9	+	8
	10	+	IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 9
	11	+	10
	12	+	________________________ 11
	13	+	12
	14	+	To amend, on an emergency basis, the Business Improvement Districts Act of 1996 to revise the 13
	15	+	tax rates of assessment for property owners in and to revise the residential tax rate for 14
	16	+	residential members of the Golden Triangle Business Improvement District. 15
	17	+	16
	18	+	BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this 17
	19	+	act may be cited as the “Golden Triangle Business Improvement District Emergency 18
	20	+	Amendment Act of 2023”. 19
	21	+	Sec. 2. Section 202(c)(2) of the Business Improvement Districts Act of 1996, effective 20
	22	+	March 17, 2005 (D.C. Law 15- 257; D.C. Official Code § 2- 1215.52(c)(2)), is amended by 21
	23	+	adding a new subparagraph (E) to read as follows: 22
	24	+	“(E) For tax year 2024 and thereafter: 23
	25	+	“(i)(I) Nineteen cents for each net rentable square foot of improved Class 2 24
	26	+	Property and Class 3 Property, excluding hotels, for any property for which the owner is required 25
	27	+	to report net rentable area to the Office of Tax and Revenue or for which the Office of Tax and 26
	28	+	Revenue has records indicating the net rentable area of the property. 27
	29	+	“(II) Net Rentable square feet shall be the number of net rentable square 28
	30	+	feet reported to, or on record with, the Office of Tax and Revenue; 29
	31	+	“(ii)(I) Nineteen cents for each equivalent net rentable square foot of 30
	32	+	improvements of improved Class 2 Property and Class 3 Property, excluding hotels, for any 31
	33	+	property for which the owner is not required to report net rentable area to the Office of Tax and 32
	34	+	Revenue and for which the Office of Tax and Revenue maintains no record of net rentable area. 33
	35	+	“(II) Equivalent net rentable area shall be 90% of the gross building area; 34
	36	+	“(iii)(I) Sixteen cents for each equivalent net rentable square foot of 35
	37	+	improvements of hotels. 36
	38	+	“(II) Equivalent net rentable areas shall be 90% of the gross 37
	39	+	building area; and 38
	40	+	“(iv) The amount of 163 dollars per residential unit annually for nonexempt 39
	41	+	residential properties; provided, that for a residential unit restricted to residents based upon 40
	42	+	income pursuant to a federal or District affordable housing program, which the BID shall 41
	43	+	identify and certify as such, the BID tax due on the unit shall be computed by applying the 42
	44	+	percentage of area median income that an eligible household must meet to participate in the 43
	45	+	affordable housing program for the unit to the amount of the BID tax that would otherwise be 44
	46	+	due.”. 45
	47	+	Sec. 3. Fiscal impact statement. 46
	48	+	The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact 47
	49	+	statement required by section 4a of the General Legislative Procedures Act of 1975, approved 48
	50	+	October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1- 301.47a). 49
	51	+	Sec. 4. Effective date. 50
	52	+	This act shall take effect following approval by the Mayor (or in the event of veto by the 51
	53	+	Mayor, action by the Council to override the veto), and sha ll remain in effect for no longer than 52
	54	+	90 days, as provided for emergency acts of the Council for the District of Columbia in section 53
	55	+	412(a) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 788; 54
	56	+	D.C. Official Code § 1- 204.12(a)). 55