District of Columbia § 42-2506 Assistance available for educators.

District of Columbia Statutes

§ 42-2506 — Assistance available for educators.

District of Columbia·Title 42 Real Property.·Ch. 25 District Government Employee Housing Assistance.·Subch. I Government Employer-Assisted Housing Program.

(a)In addition to the assistance provided in §§ 42-2504 and 42-2505 , an educator, or a person who has accepted an offer to be a District of Columbia police officer, firefighter, emergency medical technician, or an educator who is a first-time homebuyer in the District shall be eligible for the following assistance, subject to annual available appropriations:

(1)A sliding-scale property tax credit as follows:

(A)An 80% property tax credit for the first year;

(B)A 60% property tax credit for the second year;

(C)A 40% property tax credit for the third year;

(D)A 20% property tax credit for the fourth year; and

(E)A 20% property tax credit for the fifth year.

(2)A $2,000 income tax credit in the tax year the District of Columbia government employee, educ

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(a) In addition to the assistance provided in §§ 42-2504 and 42-2505 , an educator, or a person who has accepted an offer to be a District of Columbia police officer, firefighter, emergency medical technician, or an educator who is a first-time homebuyer in the District shall be eligible for the following assistance, subject to annual available appropriations:

(1) A sliding-scale property tax credit as follows:

(A) An 80% property tax credit for the first year;

(B) A 60% property tax credit for the second year;

(C) A 40% property tax credit for the third year;

(D) A 20% property tax credit for the fourth year; and

(E) A 20% property tax credit for the fifth year.

(2) A $2,000 income tax credit in the tax year the District of Columbia government employee, educator, or person who has accepted an offer to be a District of Columbia police officer, firefighter, emergency medical technician, or educator purchases the housing unit and each of the 4 immediately succeeding tax years; provided, that the District of Columbia government employee, educator, or person who has accepted an offer to be a District of Columbia police officer, firefighter, emergency medical technician, or educator remains eligible for the tax credit. The credit shall not be prorated and any portion of the credit that is not utilized in a tax year shall not be carried forward, carried back, or refunded to the District of Columbia government employee, educator, or person who has accepted an offer to be a District of Columbia police officer, firefighter, emergency medical technician, or educator.

(b) Any real property owner eligible to receive a real property tax credit under this section shall receive the tax credit as of the next half of the real property tax year following the date the real property owner applied for the credit. The real property owner shall continue to receive the real property tax credit for each succeeding 9 halves of the real property tax year; provided, that the real property owner remains eligible to receive the tax credit.

(c) This section shall not apply to a home purchase with a closing date of after March 30, 2015.

District of Columbia § 42-2506 (Assistance available for educators.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

May 9, 2000, D.C. Law 13-96, § 7, 47 DCR 1081; Mar. 2, 2007, D.C. Law 16-192, § 2012(b), 53 DCR 6899; Mar. 3, 2010, D.C. Law 18-111, § 7038(a), 57 DCR 181; Feb. 26, 2015, D.C. Law 20-155, § 7013, 61 DCR 9990; Oct. 22, 2015, D.C. Law 21-36, § 7032, 62 DCR 10905