D.C. Code § 47-919
Disposition of monies collected.
All monies collected under this chapter shall be deposited in the General Fund, except that:
# (a)
In fiscal years ending before October 1, 2023:
# (1)
15% of the monies collected under this chapter shall be deposited into the Housing Production Trust Fund established by § 42-2802 ("Housing Production Trust Fund");
# (2)
85% of the monies collected under this chapter for the transfer of Lots 836, 837 and 855 in Square 37, or such successor record or assessment and taxation lots as may be created through future subdivision or creation of condominium units, shall be deposited in the West End Library and Fire Station Maintenance Fund established by § 1-325.181 ("West End Library and Fire Station Maintenance Fund");
# (b)
In Fiscal Year 2024 and each fiscal year thereafter:
# (1)
The lesser of the following amounts shall be deposited in the Housing Production Trust Fund:
(A) 15% of the monies collected under this chapter; or
(B) 102% of the amount deposited into the Housing Production Trust Fund in the prior fiscal year pursuant to this section;
# (2)
85% of the monies collected under this chapter for the transfer of Lots 836, 837 and 855 in Square 37, or such successor record or assessment and taxation lots as may be created through future subdivision or creation of condominium units, shall be deposited in the West End Library and Fire Station Maintenance Fund; and
# (c)
[Repealed].
Source: official DC Code section page (code.dccouncil.gov)
In this chapter (22 sections)
- 47-901 · Definitions.
- 47-902 · Enumeration of transfers exempt from tax.
- 47-903 · Imposition of tax; rate; returns; liability for tax.
- 47-904 · Consideration; basis for computation of tax.
- 47-905 · Investigation by Mayor to determine correctness of documents;…
- 47-906 · Conditions for recordation.
- 47-907 · Presumption; burden of proof.
- 47-908 · Deficiencies in tax.
- 47-909 · Interest; waiver; extension of time for payment.
- 47-910 · Compromise; written agreements for settlement of tax…
- 47-911 · Compromise of penalties.
- 47-912 · Limitations; time for making assessments; extension of time by…
- 47-913 · Administration of oaths and affidavits.
- 47-914 · Judicial review.
- 47-915 · Refunds; collection.
- 47-916 · Issuance of rules and regulations to carry out chapter.
- 47-917 · Abatement authorized.
- 47-918 · Penalty; prosecutions.
- 47-919 · Disposition of monies collected.
- 47-920 · Issuance of rules and regulations for administration of…
- 47-921 · Severability; savings clause.
- 47-922 · Effective date.