District of Columbia § 10-1804 Allocation of sales tax revenue attributable to the Waterfront Park Retail Area.

District of Columbia Statutes

§ 10-1804 — Allocation of sales tax revenue attributable to the Waterfront Park Retail Area.

District of Columbia·Title 10 Parks, Public Buildings, Grounds, and Space.·Ch. 18 Waterfront Park at the Yards.

(a)During the contribution period, the sales and use tax revenue attributable to the Waterfront Park Retail Area shall be allocated and deposited into the Waterfront Park Maintenance Fund in the following amounts:

(1)In the 12-month period beginning July 1, 2012, $380,000—or the amount of sales and use tax revenue attributable to the Waterfront Park Retail Area—if less than $380,000;

(2)In each 12-month period beginning on each July 1 thereafter that is within the contribution period, an amount equal to $380,000, increased annually by the cost-of-living adjustment (if the adjustment does not result in a multiple of $50, rounded to the next lowest multiple of $50)—or the amount of sales and use tax revenue attributable to the Waterfront Park Retail Area—if less.

(b)All sales and

Free access — add to your briefcase to read the full text and ask questions with AI

(a) During the contribution period, the sales and use tax revenue attributable to the Waterfront Park Retail Area shall be allocated and deposited into the Waterfront Park Maintenance Fund in the following amounts:

(1) In the 12-month period beginning July 1, 2012, $380,000—or the amount of sales and use tax revenue attributable to the Waterfront Park Retail Area—if less than $380,000;

(2) In each 12-month period beginning on each July 1 thereafter that is within the contribution period, an amount equal to $380,000, increased annually by the cost-of-living adjustment (if the adjustment does not result in a multiple of $50, rounded to the next lowest multiple of $50)—or the amount of sales and use tax revenue attributable to the Waterfront Park Retail Area—if less.

(b) All sales and use tax revenue and revenue from the Waterfront Park Special Assessment received by the Chief Financial Officer by the 20th day of a month shall be deposited into the Fund by the Chief Financial Officer by the last business day of the following month.

District of Columbia § 10-1804 (Allocation of sales tax revenue attributable to the Waterfront Park Retail Area.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Mar. 3, 2010, D.C. Law 18-105, § 5, 57 DCR 11; Sept. 26, 2012, D.C. Law 19-171, § 74, 59 DCR 6190; Dec. 24, 2013, D.C. Law 20-61, § 8042(c), 60 DCR 12472