District Of Columbia 2023-2024 Regular Session

District Of Columbia Council Bill B25-0336 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	~~ENROLLED~~ ORIGINAL
	1	+	ENGROSSED ORIGINAL
2	2
3	3
4	4
5	5
6	6		1
7	7
8		-	AN ACT
9		-
10		-	_____________
11		-
12		-	IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
13		-
14		-	________________________
15		-
16		-
17		-	To amend, on a temporary basis, the Business Improvement Districts Act of 1996 to revise the
18		-	tax rates of assessment for property owners in and to revise the residential tax rate for
19		-	residential members of the Golden Triangle Business Improvement District.
20		-
21		-	BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this
22		-	act may be cited as the “Golden Triangle Business Improvement District Temporary Amendment
23		-	Act of 2023”.
24		-
25		-	Sec. 2. Section 202(c)(2) of the Business Improvement Districts Act of 1996, effective
26		-	March 17, 2005 (D.C. Law 15-257; D.C. Official Code § 2-1215.52(c)(2)), is amended by
27		-	adding a new subparagraph (E) to read as follows:
28		-	“(E) For tax year 2024 and thereafter:
29		-	“(i)(I) Nineteen cents for each net rentable square foot of improved
30		-	Class 2 Property and Class 3 Property, excluding hotels, for any property for which the owner is
31		-	required to report net rentable area to the Office of Tax and Revenue or for which the Office of
32		-	Tax and Revenue has records indicating the net rentable area of the property.
33		-	“(II) Net Rentable square feet shall be the number of net
34		-	rentable square feet reported to, or on record with, the Office of Tax and Revenue;
35		-	“(ii)(I) Nineteen cents for each equivalent net rentable square foot
36		-	of improvements of improved Class 2 Property and Class 3 Property, excluding hotels, for any
37		-	property for which the owner is not required to report net rentable area to the Office of Tax and
38		-	Revenue and for which the Office of Tax and Revenue maintains no record of net rentable area.
39		-	“(II) Equivalent net rentable area shall be 90% of the gross
40		-	building area;
41		-	“(iii)(I) Sixteen cents for each equivalent net rentable square foot
42		-	of improvements of hotels
43		-	“(II) Equivalent net rentable areas shall be 90% of the
44		-	gross building area; and
45		-	“(iv) The amount of $163 per residential unit annually for
46		-	nonexempt residential properties; provided, that for a residential unit restricted to residents based ENROLLED ORIGINAL
	8	+	A BILL 1
	9	+	2
	10	+	25-336 3
	11	+	4
	12	+	IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 5
	13	+	6
	14	+	________________________ 7
	15	+	8
	16	+	9
	17	+	To amend, on a temporary basis, the Business Improvement Districts Act of 1996 to revise the 10
	18	+	tax rates of assessment for property owners in and to revise the residential tax rate for 11
	19	+	residential members of the Golden Triangle Business Improvement District. 12
	20	+	13
	21	+	BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this 14
	22	+	act may be cited as the “Golden Triangle Business Improvement District Temporary Amendment 15
	23	+	Act of 2023”. 16
	24	+	Sec. 2. Section 202(c)(2) of the Business Improvement Districts Act of 1996, effective 17
	25	+	March 17, 2005 (D.C. Law 15-257; D.C. Official Code § 2-1215.52(c)(2)), is amended by 18
	26	+	adding a new subparagraph (E) to read as follows: 19
	27	+	“(E) For tax year 2024 and thereafter: 20
	28	+	“(i)(I) Nineteen cents for each net rentable square foot of improved 21
	29	+	Class 2 Property and Class 3 Property, excluding hotels, for any property for which the owner is 22
	30	+	required to report net rentable area to the Office of Tax and Revenue or for which the Office of 23
	31	+	Tax and Revenue has records indicating the net rentable area of the property. 24
	32	+	“(II) Net Rentable square feet shall be the number of net 25
	33	+	rentable square feet reported to, or on record with, the Office of Tax and Revenue; 26 ENGROSSED ORIGINAL
47	34
48	35
49	36
50	37
51	38		2
52	39
53		-	upon income pursuant to a federal or District affordable housing program, which the BID shall
54		-	identify and certify as such, the BID tax due on the unit shall be computed by applying the
55		-	percentage of area median income that an eligible household must meet to participate in the
56		-	affordable housing program for the unit to the amount of the BID tax that would otherwise be
57		-	due.”.
58		-
59		-	Sec. 3. Fiscal impact statement.
60		-	The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact
61		-	statement required by section 4a of the General Legislative Procedures Act of 1975, approved
62		-	October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a).
63		-
64		-	Sec. 4. Effective date.
65		-	(a) This act shall take effect following approval by the Mayor (or in the event of veto by
66		-	the Mayor, action by the Council to override the veto), a 30-day period of congressional review
67		-	as provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December
68		-	24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(1)), and publication in the District of
69		-	Columbia Register.
70		-	(b) This act shall expire after 225 days of its having taken effect.
71		-
72		-
73		-
74		-	______________________________
75		-	Chairman
76		-	Council of the District of Columbia
	40	+	“(ii)(I) Nineteen cents for each equivalent net rentable square foot 27
	41	+	of improvements of improved Class 2 Property and Class 3 Property, excluding hotels, for any 28
	42	+	property for which the owner is not required to report net rentable area to the Office of Tax and 29
	43	+	Revenue and for which the Office of Tax and Revenue maintains no record of net rentable area. 30
	44	+	“(II) Equivalent net rentable area shall be 90% of the gross 31
	45	+	building area; 32
	46	+	“(iii)(I) Sixteen cents for each equivalent net rentable square foot 33
	47	+	of improvements of hotels 34
	48	+	“(II) Equivalent net rentable areas shall be 90% of the 35
	49	+	gross building area; and 36
	50	+	“(iv) The amount of 163 dollars per residential unit annually for 37
	51	+	nonexempt residential properties; provided, that for a residential unit restricted to residents based 38
	52	+	upon income pursuant to a federal or District affordable housing program, which the BID shall 39
	53	+	identify and certify as such, the BID tax due on the unit shall be computed by applying the 40
	54	+	percentage of area median income that an eligible household must meet to participate in the 41
	55	+	affordable housing program for the unit to the amount of the BID tax that would otherwise be 42
	56	+	due.”. 43
	57	+	Sec. 3. Fiscal impact statement. 44
	58	+	The Council adopts the fiscal impact statement of the Budget Director as the fiscal impact 45
	59	+	statement required by section 4a of the General Legislative Procedures Act of 1975, approved 46 ENGROSSED ORIGINAL
77	60
78	61
79	62
80	63
	64	+	3
81	65
82		-	_________________________________
83		-	Mayor
84		-	District of Columbia
85		-
	66	+	October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a). 47
	67	+	Sec. 4. Effective date. 48
	68	+	(a) This act shall take effect following approval by the Mayor (or in the event of veto by 49
	69	+	the Mayor, action by the Council to override the veto), a 30-day period of congressional review 50
	70	+	as provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 51
	71	+	24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(1)), and publication in the District of 52
	72	+	Columbia Register. 53
	73	+	(b) This act shall expire after 225 days of its having taken effect. 54