D.C. Code § 47-4635

UNCF — 10-year real property tax abatement.

Official textus-dc/statcode.dccouncil.govlast amended Dec 17, 202412 subsections

# (a)

For the purposes of this section, the term:

# (1)

“DCRA” means the Department of Consumer and Regulatory Affairs.

# (2)

“Property” means the real property in Square 441, as referenced in the District of Columbia Office of the Surveyor Record of Squares, Book II, Page 441, that is owned by UNCF.

# (3)

“UNCF” means the United Negro College Fund, Inc., a New York nonprofit corporation founded in 1944 by Dr. Frederick Patterson that provides assistance to approximately 60,000 students a year at 900 colleges and universities and 39 historically black colleges and universities nationwide.

# (b)

The real property taxes imposed by Chapter 8 of this title on the property shall be abated for 10 years, beginning on October 1, 2024, provided, that:

# (1)

The property shall be owned by UNCF during the duration of the abatement period;

# (2)

The property continues to either be occupied by UNCF, or leased by UNCF to another nonprofit organization that works in a partnership with, and has a mission similar to, UNCF during the duration of the abatement period;

# (3)

[Repealed].

# (4)

[Repealed].

# (c)

The total abatement under this section shall not exceed:

# (1)

In tax year 2025, $515,000; and

# (2)

For each succeeding tax year, an amount equal to $515,000 in Fiscal Year 2025 dollars, plus an escalation of 3%, compounded annually, for each subsequent tax year for the duration of the abatement.

Source: official DC Code section page (code.dccouncil.gov)

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