District of Columbia § 47-4802 Credit established.

District of Columbia Statutes

§ 47-4802 — Credit established.

District of Columbia·Title 47 Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]·Ch. 48 District of Columbia Low-Income Housing Tax Credit

(a)There is established a District of Columbia low-income housing tax credit.

(b)[Repealed].

(c)[Repealed].

(d)The Department may award District of Columbia low-income housing tax credits to qualified projects or eligible projects in accordance with § 47-4803 .

(e)The total credits available for the Department to award are as follows:

(1)In Fiscal Year 2025, $8,575,000;

(2)In Fiscal Year 2026, $8,750,000;

(3)In Fiscal Year 2027, $8,925,000;

(4)In Fiscal Year 2028, $9,100,000; and

(5)In each subsequent fiscal year, 105% of the total credits available for award in the prior fiscal year.

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(a) There is established a District of Columbia low-income housing tax credit.

(b) [Repealed].

(c) [Repealed].

(d) The Department may award District of Columbia low-income housing tax credits to qualified projects or eligible projects in accordance with § 47-4803 .

(e) The total credits available for the Department to award are as follows:

(1) In Fiscal Year 2025, $8,575,000;

(2) In Fiscal Year 2026, $8,750,000;

(3) In Fiscal Year 2027, $8,925,000;

(4) In Fiscal Year 2028, $9,100,000; and

(5) In each subsequent fiscal year, 105% of the total credits available for award in the prior fiscal year.

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