(a) The total annual dollar amount of tax abatements approved for an Eligible Nonprofit Zone shall not exceed:
(1) $600,000 in the Anacostia Nonprofit Zone;
(2) $2.6 million in the Capitol Riverfront Nonprofit Zone;
(3) $800,000 in all Designated Nonprofit Zones;
(4) $600,000 in the Minnesota-Benning Nonprofit Zone;
(5) $1.2 million in the Mount Vernon Triangle Nonprofit Zone; and
(6) $2.6 million in the NoMa Nonprofit Zone.
(b) The total amount of real property tax abatements approved for qualified nonprofit organizations in all Eligible Nonprofit Zones shall not exceed $500,000 in Fiscal Years 2011, 2012, 2013, and 2014.
CREDIT(S)
(Sept. 24, 2010, D.C. Law 18-223, § 7042(b), 57 DCR 6242.)
HISTORICAL AND STATUTORY NOTES
Emergency Act Amendments
For temporary (90 day) addition, see § 7042(b) of Fiscal Year 2011 Budget Support Emergency Act of 2010 (D.C. Act 18-463, July 2, 2010, 57 DCR 6542).
Legislative History of Laws
For Law 18-223, see notes following § 47-355.05.