District of Columbia § 44-608 Conversion fee.

District of Columbia Statutes

§ 44-608 — Conversion fee.

District of Columbia § 44-608

Title 44Charitable and Curative Institutions.

Ch. 6Healthcare Entity Conversion.

This text of District of Columbia § 44-608 (Conversion fee.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 44-608 (2026).

Text

If a nonprofit entity is a party to a conversion approved pursuant to § 44-603 , the District shall make an assessment, to recover part of the charitable assets, equal to 10% of the amount of the real property tax the healthcare entity would have paid during the past 5 years had it not been exempt from federal income taxation under sections 501(c) or (e) of the Internal Revenue Code. Such amount shall be paid in three equal installments.

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

If a nonprofit entity is a party to a conversion approved pursuant to § 44-603 , the District shall make an assessment, to recover part of the charitable assets, equal to 10% of the amount of the real property tax the healthcare entity would have paid during the past 5 years had it not been exempt from federal income taxation under sections 501(c) or (e) of the Internal Revenue Code. Such amount shall be paid in three equal installments.