Georgia Avenue Facade ImprovementTax Assessment Freeze Act of 2001Bill 14-41

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Updated: 02:08 pm UTC, 14/10/2024

Councilmember Adrian M. Fenty

Councilmember Jim Graham

A BILL IN THE COUNCIL OF THE DISTRICT OF COLUMBIA

Councilmember Adrian Fenty introduced the following bill, which was referred to the
Committee on Finance and Revenue with comments from the Committee on Economic Development.

To amend section 47-829 of the District of Columbia Code to provide that certain real
property which has completed the Department of Housing and Community Development Georgia
Avenue Facade Improvement Program be assessed at the same level of the assessment it had
the year immediately preceding the improvement for 5 consecutive tax years.

BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this act may be cited as
the "Georgia Avenue Facade Improvement Tax Assessment Freeze Act of 2001 ".

Sec. 2. Section 47-829 of the District of Columbia Code is amended by adding a new
subsection (d-1) to read as follows:

"(d-1) Beginning with the tax year 2002 and for each tax year thereafter, all real
property that has completed the Department of Housing and Community Development Georgia
Avenue Facade Improvement Program where the property owner has spent in excess of $5,000
on facade improvements, shall be assessed at the assessment level that it was assessed for
the tax year immediately preceding the participation in the Department of Housing and
Community Development Georgia Avenue Facade Improvement Program, and this assessment shall
be in effect for the next 5 consecutive tax years;".

Sec. 3. Fiscal impact statement.

The Council adopts the fiscal impact statement in the committee report as the fiscal
impact statement required by section 602(c)(3) of the District of Columbia Home Rule Act,
approved December 24, 1973 (87 Stat. 813; D.C. Code §1-233(c)(3)).

Sec. 4. Effective date.

This act shall take effect following approval by the Mayor (or in the event of veto by
the favor. action by the Council to override the veto), approval by the Financial
Responsibility and Management Assistance Authority as provided in section 203(a) of the
District of Columbia Financial Responsibility and Management Assistance Act of 1995,
approved April 17, 1995 (109 Stat. 116; D.C. Code § 47-392.3(a)), a 30-day period of
Congressional review as provided in section 602(c)(1) of the District of Columbia Home
Rule Act, approved December 24, 1973 (87 Stat. 831; D.C. Code § 1-233(c)(1)), and
publication in the District of Columbia Register.