District of Columbia § 47-3506 Administration and enforcement — Qualifying nonprofit housing organizations and cooperative housing associations.

District of Columbia Statutes

§ 47-3506 — Administration and enforcement — Qualifying nonprofit housing organizations and cooperative housing associations.

District of Columbia § 47-3506

Title 47Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]

Ch. 35Lower Income Homeownership Tax Abatement and Incentives.

This text of District of Columbia § 47-3506 (Administration and enforcement — Qualifying nonprofit housing organizations and cooperative housing associations.) 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 § 47-3506 (2026).

Text

(1)If a qualifying nonprofit housing organization fails to transfer the property within 36 months as required by § 47-3505 , the Mayor shall disallow the exemptions provided by § 47-3505 and the organization shall pay to the Mayor:

(A)The total tax which would have been due without the exemption;

(B)Interest at the rate of 11/4% per month, or fraction of a month, from the date prescribed for the payment of the tax without regard to the exemptions until the date paid; and

(C)A penalty equal to 10% of the tax. The Mayor may, for good cause shown, extend the time for transfer of the property for an additional period not to exceed 6 months, if the cooperative housing association files a request for extension, in writing, with the Mayor within 30 days after the expiration o

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(1) If a qualifying nonprofit housing organization fails to transfer the property within 36 months as required by § 47-3505 , the Mayor shall disallow the exemptions provided by § 47-3505 and the organization shall pay to the Mayor:

(A) The total tax which would have been due without the exemption;

(B) Interest at the rate of 11/4% per month, or fraction of a month, from the date prescribed for the payment of the tax without regard to the exemptions until the date paid; and

(C) A penalty equal to 10% of the tax. The Mayor may, for good cause shown, extend the time for transfer of the property for an additional period not to exceed 6 months, if the cooperative housing association files a request for extension, in writing, with the Mayor within 30 days after the expiration of the 36-month period.

(2) If a cooperative housing association fails to qualify for the real property tax exemption within 36 months as required by § 47-3503 , the Mayor shall disallow the exemption provided by § 47-3503 and the association shall pay to the Mayor:

(A) The total tax which would have been due without the exemptions;

(B) Interest at the rate of 11/4% per month, or fraction of a month, from the date prescribed for the payment of the tax without regard to the exemptions until the date paid; and

(C) A penalty equal to 10% of the tax. The Mayor may, for good cause shown, extend the time for transfer of the property for an additional period not to exceed 6 months, if the cooperative housing association files a request for extension, in writing, with the Mayor within 30 days after the expiration of the 36-month period.

(b) If an association or organization shall willfully make a false statement concerning any information required to be supplied on the certification under § 47-3503 or § 47-3505 , the association or organization shall be deemed guilty of the offense of making false statements and, upon conviction, shall be subject to the penalty for that offense provided in § 22-2405(b) .

Legislative History

Oct. 8, 1983, D.C. Law 5-31, § 7, 30 DCR 3879; Mar. 16, 1989, D.C. Law 7-205, § 3(c), 36 DCR 457; enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575; Oct. 20, 2005, D.C. Law 16-33, § 1281(d), 52 DCR 7503