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| 3 | 3 | | |
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| 4 | 4 | | ______________________________ 1 |
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| 5 | 5 | | Councilmember Trayon White, Sr. 2 |
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| 6 | 6 | | 3 |
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| 7 | 7 | | 4 |
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| 8 | 8 | | A BILL 5 |
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| 9 | 9 | | 6 |
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| 10 | 10 | | ___________ 7 |
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| 12 | 12 | | 9 |
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| 13 | 13 | | IN THE COUNCIL OF THE DISTRICT OF COLUMBIA 10 |
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| 14 | 14 | | 11 |
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| 15 | 15 | | ________________________ 12 |
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| 16 | 16 | | 13 |
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| 17 | 17 | | To amend Section 47-1806.06 of the District of Columbia Official Code to increase the 14 |
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| 18 | 18 | | maximum amount of the District’s Homeowner and Renter Property Schedule H Tax 15 |
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| 19 | 19 | | Credit that may be claimed by residents living in a designated displacement risk zone. 16 |
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| 20 | 20 | | 17 |
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| 21 | 21 | | BE IT ENACTED, BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this 18 |
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| 22 | 22 | | act may be cited as the “Displacement Prevention Amendment Act of 2024”. 19 |
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| 23 | 23 | | Section 2. Section 47-1806.06 of the D.C. Official Code is amended by adding a new 20 |
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| 24 | 24 | | paragraph (3A) to read as follows: 21 |
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| 25 | 25 | | “(3A) The following shall apply to all residents whose principal place of residence is 22 |
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| 26 | 26 | | located within census tracts 73.04, 74.04, 98.04, or 104, for all taxable years beginning after 23 |
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| 27 | 27 | | December 31, 2025: 24 |
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| 28 | 28 | | (i) The total allowable credit may exceed the credit allowed in paragraph (1) 25 |
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| 29 | 29 | | of this subsection but shall not exceed twice the credit allowed in paragraph (1) of this 26 |
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| 30 | 30 | | subsection; and; 27 |
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| 31 | 31 | | Section 3. Fiscal Impact Statement 28 |
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| 32 | 32 | | 29 |
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| 33 | 33 | | The Council adopts the fiscal impact statement in the committee report as the fiscal 30 |
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| 34 | 34 | | impact statement required by section 602(c)(3) of the District of Columbia Home Rule Act, 31 |
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| 35 | 35 | | approved December 24, 1973 (87 Stat. 813; D.C. Official Code § 1-206.02(c)(3)). 32 |
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| 36 | 36 | | Section 4. Effective date. 33 |
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| 37 | 37 | | 2 |
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| 38 | 38 | | |
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| 39 | 39 | | This act shall take effect following approval by the Mayor (or in the event of veto by the 34 |
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| 40 | 40 | | Mayor, action by the Council to override the veto), a 30-day period of Congressional review as 35 |
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| 41 | 41 | | provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 36 |
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| 42 | 42 | | 24, 1973 (87 Stat. 813: D.C. Official Code § 1-206.02(c)(1)) and publication in the District of 37 |
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| 43 | 43 | | Columbia Register. 38 |
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