District of Columbia § 10-1504 Establishment of special taxing district.

District of Columbia Statutes

§ 10-1504 — Establishment of special taxing district.

District of Columbia·Title 10 Parks, Public Buildings, Grounds, and Space.·Ch. 15 Reservation 13.

(a)The R13BA shall be a special taxing district.

(b)All sales tax revenues generated from commercial enterprises within the R13BA, all taxes on any real property, except for the real property special tax set aside to pay debt service on general obligation bonds issued by the District of Columbia, and all payments made in lieu of taxes on any real property, which is exempt or immune from real property taxation that is leased, loaned, or otherwise made available to any person in connection with a commercial enterprise or as a residence in an amount equivalent to the tax that would be lawfully assessed if the real property were not exempt or immune from real property taxation, that are collected within the R13BA shall be applied in the following order:

(1)To fund infrastructure improve

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(a) The R13BA shall be a special taxing district.

(b) All sales tax revenues generated from commercial enterprises within the R13BA, all taxes on any real property, except for the real property special tax set aside to pay debt service on general obligation bonds issued by the District of Columbia, and all payments made in lieu of taxes on any real property, which is exempt or immune from real property taxation that is leased, loaned, or otherwise made available to any person in connection with a commercial enterprise or as a residence in an amount equivalent to the tax that would be lawfully assessed if the real property were not exempt or immune from real property taxation, that are collected within the R13BA shall be applied in the following order:

(1) To fund infrastructure improvements related to a proposed development; or

(2) To be deposited in the Tobacco Settlement Trust Fund, established by subchapter II of Chapter 18 of Title 7 ("Fund") into a dedicated R13BA Health Care account to be used for the purpose of providing health care to the uninsured residents of the District.

(c) Repealed.

District of Columbia § 10-1504 (Establishment of special taxing district.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.