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·Title 47 Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]·Ch. 35 Lower Income Homeownership Tax Abatement and Incentives.

(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) .

District of Columbia § 47-3506 (Administration and enforcement — Qualifying nonprofit housing organizations and cooperative housing associations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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