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______________________________ ______________________________ 2
Councilmember Brooke Pinto Councilmember Kenyan R. McDuffie 3
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A BILL 5
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IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 9
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To amend, on a temporary basis, the Business Improvement Districts Act of 1996 to revise the 13
tax rates of assessment for property owners in and to revise the residential tax rate for 14
residential members of the Golden Triangle Business Improvement District. 15
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BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this 17
act may be cited as the “Golden Triangle Business Improvement District Temporary Amendment 18
Act of 2023”. 19
Sec. 2. Section 202(c)(2) of the Business Improvement Districts Act of 1996, effective 20
March 17, 2005 (D.C. Law 15- 257; D.C. Official Code § 2- 1215.52(c)(2)), is amended by 21
adding a new subparagraph (E) to read as follows: 22
“(E) For tax year 2024 and thereafter: 23
“(i)(I) Nineteen cents for each net rentable square foot of improved Class 2 24
Property and Class 3 Property, excluding hotels, for any property for which the owner is required 25
to report net rentable area to the Office of Tax and Revenue or for which the Office of Tax and 26
Revenue has records indicating the net rentable area of the property. 27
“(II) Net Rentable square feet shall be the number of net rentable square 28
feet reported to, or on record with, the Office of Tax and Revenue; 29
“(ii)(I) Nineteen cents for each equivalent net rentable square foot of 30
improvements of improved Class 2 Property and Class 3 Property, excluding hotels, for any 31
property for which the owner is not required to report net rentable area to the Office of Tax and 32
Revenue and for which the Office of Tax and Revenue maintains no record of net rentable area. 33
“(II) Equivalent net rentable area shall be 90% of the gross building area; 34
“(iii)(I) Sixteen cents for each equivalent net rentable square foot of 35
improvements of hotels 36
“(II) Equivalent net rentable areas shall be 90% of the gross 37
building area; and 38
“(iv) The amount of 163 dollars per residential unit annually for nonexempt 39
residential properties; provided, that for a residential unit restricted to residents based upon 40
income pursuant to a federal or District affordable housing program, which the BID shall 41
identify and certify as such, the BID tax due on the unit shall be computed by applying the 42
percentage of area median income that an eligible household must meet to participate in the 43
affordable housing program for the unit to the amount of the BID tax that would otherwise be 44
due.”. 45
Sec. 3. Fiscal impact statement. 46
The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact 47
statement required by section 4a of the General Legislative Procedures Act of 1975, approved 48
October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1- 301.47a). 49
Sec. 4. Effective date. 50
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a) This act shall take effect following approval by the Mayor (or in the event of veto by 51
the Mayor, action by the Council to override the veto), a 30- day period of congressional review 52
as provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 53
24, 1973 (87 Stat. 813; D.C. Official Code § 1- 206.02(c)(1)), and publication in the District of 54
Columbia Register. 55
(b) This act shall expire after 225 days of its having taken effect. 56
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