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Current through October 23, 2012
(a) The formation of the Golden Triangle BID, which shall include all nonexempt real property within the geographic areas set forth in subsection (b) of this section, is hereby authorized and the BID taxes established in subsection (c) of this section are hereby imposed through the earlier of the expiration date of this subchapter or the termination or dissolution of the BID.
(b) The Golden Triangle BID shall be comprised of all nonexempt real property within the following areas:
(1) Square 70, Lot 195; Square 72, Lots 75 and 76; Square 73, Lots 80, 82, 84, 800, 858, and 876; Square 74, Lots 832 and 840; all of Squares 76, 78, 78s, 85, and 86; Square 99, Lots 49, 50, 52, and 53; all of Squares 100, 105, 106, and 107; Square 115, Lots 79, 81, 82, 84, and 85; all of Squares 116, 117, 118, 126, 127, 137, 138, 139, and 140; Square 159, Lots 75, 76, 82, 84, 814, 815, 816, and 855; all of Squares 160, 161, 162, 163, 164, and 165; Square 182, Lots 827 and 828; Square 183, Lots 91, 105, 106, 107, 111, 847, 857, 879, 880, and 881; Square 184, Lots 3, 69, 71, 804, 805, 842, 845, 849, 855, and 856; all of Squares 185 and 186; and Farragut Square.
(2) Square 166, Lots 32, 33, 38, 41, 841, 859, and 7000; Square 168, Lots 50, 51, and 823; and Square 169, Lots 70 and 71."
(3) Square 166, Lot 42.
(c)(1) For the purposes of this subsection, the terms "Class 2 Property" and "Class 3 Property" shall have the same meanings as provided in § 47-813, as such provision is in effect on August 15, 2008.
(2) The BID taxes for nonexempt real properties in the Golden Triangle BID shall be:
(A) For tax years 2009 and 2010:
(i)(I) Eleven cents for each net rentable square foot of improved Class 2 Property and Class 3 Property, excluding hotels, for any property for which the owner is required to report net rentable area to the Office of Tax and Revenue or for which the Office of Tax and Revenue has records indicating the net rentable area of the property.
(II) Net rentable square feet shall be the number of net rentable square feet reported to, or on record with, the Office of Tax and Revenue;
(ii)(I) Eleven cents for each equivalent net rentable square foot of improvements of improved Class 2 Property and Class 3 Property, excluding hotels, for any property for which the owner is not required to report net rentable area to the Office of Tax and Revenue and for which the Office of Tax and Revenue maintains no record of net rentable area.
(II) Equivalent net rentable area shall be 90% of the gross building area.
(III) Gross building area shall be determined using any method that is recognized generally in the District metropolitan area as an appropriate method for measuring gross building area; and
(iii)(I) Eight cents for each equivalent net rentable square foot of improvements of hotels.
(II) Equivalent net rentable areas shall be 90% of the gross building area; and
(B) For tax years 2011 and thereafter:
(i)(I) Fourteen and one-half cents for each net rentable square foot of improved Class 2 Property and Class 3 Property, excluding hotels, for any property for which the owner is required to report net rentable area to the Office of Tax and Revenue or for which the Office of Tax and Revenue has records indicating the net rentable area of the property.
(II) Net rentable square feet shall be the number of net rentable square feet reported to, or on record with, the Office of Tax and Revenue;
(ii)(I) Fourteen and one-half cents for each equivalent net rentable square foot of improvements of improved Class 2 Property and Class 3 Property, excluding hotels, for any property for which the owner is not required to report net rentable area to the Office of Tax and Revenue and for which the Office of Tax and Revenue maintains no record of net rentable area.
(II) Equivalent net rentable area shall be 90% of the gross building area; and
(iii)(I) Eleven and one-half cents for each equivalent net rentable square foot of improvements of hotels.
(II) Equivalent net rentable areas shall be 90% of the gross building area.
(May 29, 1996, D.C. Law 11-134, § 202, as added Mar. 17, 2005, D.C. Law 15-257, § 2(d), 52 DCR 1161; Apr. 7, 2006, D.C. Law 16-91, § 140(c), 52 DCR 10637; Aug. 15, 2008, D.C. Law 17-212, § 2, 55 DCR 6987.)
HISTORICAL AND STATUTORY NOTES
Effect of Amendments
D.C. Law 16-91 made a technical change in the enacting clause of D.C. Law 15- 257 which resulted in no change in text.
D.C. Law 17-212 added subsec. (b)(3); and rewrote subsec. (c), which had read as follows:
"(c) The BID taxes for nonexempt real properties in the Golden Triangle BID shall be:
"(1) Eleven cents for each net rentable square foot of improved Class 4 Property, excluding parking lots and above grade parking structures, for any property where the owner is required to report net rentable area to the Office of Taxation and Revenue or where the Office of Taxation and Revenue has records indicating the net rentable area of the property. Net rentable square feet shall be the number of net rentable square feet reported to or on record with the District and shall be calculated using any method that is recognized generally in the District Metropolitan area as an appropriate method for measuring space in agreements between landlords and tenants;
"(2) Eleven cents for each equivalent net rentable square foot of improvements of improved Class 4 Property, excluding parking lots and parking structures for any property where the owner is not required to report net rentable area to the Office of Taxation and Revenue and where the Office of Taxation and Revenue maintains no record of net rentable area. Equivalent net rentable area shall be 90% of the gross building area. For purposes of this paragraph, gross building area shall exclude parking facilities and shall be determined using any method that is recognized generally in the District metropolitan area as an appropriate method for measuring gross building area;
"(3) Eight cents for each equivalent net rentable square foot of improvements of Class 3 Property. Equivalent net rentable areas shall be calculated as set forth in paragraph (2) of this subsection;
"(4) Six cents for each equivalent net rentable square foot of class 4 above-grade parking structures consisting of one or more stories. Equivalent net rentable area shall be calculated as set forth in paragraph (2) of this subsection;
"(5) Six cents for each square foot of land for Class 5 Property and improved parking lots located in Class 4 Property without parking structures as defined in paragraph (4) of this subsection; and
"(6) Two hundred and fifty dollars per year for each below-grade parking structure associated with above-ground improvements."
Legislative History of Laws
For Law 15-257, see notes following § 2-1215.51.
For Law 16-91, see notes following § 2-218.54.
Law 17-212, the "Golden Triangle BID Amendment Act of 2008", was introduced in Council and assigned Bill No.17-597 which was referred to Finance and Revenue. The Bill was adopted on first and second readings on May 6, 2008, and June 3, 2008, respectively. Signed by the Mayor on June 18, 2008, it was assigned Act No. 17-408 and transmitted to both Houses of Congress for its review. D.C. Law 17-212 became effective on August 15, 2008.
