ENGROSSED ORIGINAL
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A BILL 1
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25-336 3
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IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 5
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To amend, on a temporary basis, the Business Improvement Districts Act of 1996 to revise the 10
tax rates of assessment for property owners in and to revise the residential tax rate for 11
residential members of the Golden Triangle Business Improvement District. 12
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BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this 14
act may be cited as the “Golden Triangle Business Improvement District Temporary Amendment 15
Act of 2023”. 16
Sec. 2. Section 202(c)(2) of the Business Improvement Districts Act of 1996, effective 17
March 17, 2005 (D.C. Law 15-257; D.C. Official Code § 2-1215.52(c)(2)), is amended by 18
adding a new subparagraph (E) to read as follows: 19
“(E) For tax year 2024 and thereafter: 20
“(i)(I) Nineteen cents for each net rentable square foot of improved 21
Class 2 Property and Class 3 Property, excluding hotels, for any property for which the owner is 22
required to report net rentable area to the Office of Tax and Revenue or for which the Office of 23
Tax and Revenue has records indicating the net rentable area of the property. 24
“(II) Net Rentable square feet shall be the number of net 25
rentable square feet reported to, or on record with, the Office of Tax and Revenue; 26 ENGROSSED ORIGINAL
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“(ii)(I) Nineteen cents for each equivalent net rentable square foot 27
of improvements of improved Class 2 Property and Class 3 Property, excluding hotels, for any 28
property for which the owner is not required to report net rentable area to the Office of Tax and 29
Revenue and for which the Office of Tax and Revenue maintains no record of net rentable area. 30
“(II) Equivalent net rentable area shall be 90% of the gross 31
building area; 32
“(iii)(I) Sixteen cents for each equivalent net rentable square foot 33
of improvements of hotels 34
“(II) Equivalent net rentable areas shall be 90% of the 35
gross building area; and 36
“(iv) The amount of 163 dollars per residential unit annually for 37
nonexempt residential properties; provided, that for a residential unit restricted to residents based 38
upon income pursuant to a federal or District affordable housing program, which the BID shall 39
identify and certify as such, the BID tax due on the unit shall be computed by applying the 40
percentage of area median income that an eligible household must meet to participate in the 41
affordable housing program for the unit to the amount of the BID tax that would otherwise be 42
due.”. 43
Sec. 3. Fiscal impact statement. 44
The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact 45
statement required by section 4a of the General Legislative Procedures Act of 1975, approved 46 ENGROSSED ORIGINAL
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October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a). 47
Sec. 4. Effective date. 48
(a) This act shall take effect following approval by the Mayor (or in the event of veto by 49
the Mayor, action by the Council to override the veto), a 30-day period of congressional review 50
as provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 51
24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(1)), and publication in the District of 52
Columbia Register. 53
(b) This act shall expire after 225 days of its having taken effect. 54