§ 47-1053. DC Teachers Federal Credit Union; lot 809, square 938.

Current through October 23, 2012

(a) The real estate taxes on the nonprofit real property of the DC Teachers Federal Credit Union, including any interest, penalties, fees, fines, and other related charges assessed against the DC Teachers Federal Credit Union, on real property located 903 D Street, N.E., lot 809, square 938, shall be subject to a full or partial tax exemption for the portion of the real property which is used for the nonprofit activities of DC Teachers Federal Credit Union.

(b) Pursuant to § 47-1002, this section shall apply only to a District of Columbia sponsored, federally-chartered, credit union which has its place of business located in a current or former District of Columbia-owned property.

                
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(Mar. 27, 2003, D.C. Law 14-253, § 2, 50 DCR 229.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

Law 14-253, the "DC Teachers Federal Credit Union Real Property Tax Exemption Act of 2002", was introduced in Council and assigned Bill No. 14-218, which was referred to the Committee on Finance and Revenue. The Bill was adopted on first and second readings on November 7, 2002, and December 3, 2002, respectively. Signed by the Mayor on December 23, 2002, it was assigned Act No. 14-550 and transmitted to both Houses of Congress for its review. D.C. Law 14-253 became effective on March 27, 2003.