(a) Assets and income of the Agency or of any entity established by the Agency pursuant to § 42-2703.01(20C) are exempt from District taxation. The Agency may make, at its discretion, payment in lieu of taxation.
(b) Bonds and notes issued by the Agency and the interest thereon are exempt from District taxation except estate, inheritance, and gift taxes.
CREDIT(S)
(Mar. 3, 1979, D.C. Law 2-135, § 410, 25 DCR 5008; Mar. 25, 2003, D.C. Law 14-239, § 2(f), 49 DCR 11162.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 45-2140.
1973 Ed., § 45-1925.
Effect of Amendments
D.C. Law 14-239, in subsec. (a), substituted “of the Agency or of any entity established by the Agency pursuant to § 42-2703.01(20C)” for “of the Agency”.
Legislative History of Laws
For legislative history of D.C. Law 2-135, see Historical and Statutory Notes following § 42-2701.01.
For Law 14-239, see notes following § 42-2701.02.