§ 47-1085. KIPP DC--Shaw Campus; Lot 163, Square 510.

Current through October 23, 2012

(a) The real property located at 421 P Street, N.W., and described as Lot 163, Square 510 shall be exempt from real property taxation, including possessory interests, so long as the real property continues to be owned, or occupied under a ground lease, by KIPP DC, KIPP DC-Shaw QALICB, Inc., or any other subsidiary of KIPP DC.

(b) Any transfer, assignment, or other disposition of all or any portion of the real property described in subsection (a) of this section, including an assignment of leasehold interest in the real property or a sublease of the real property, between KIPP DC and KIPP DC--Shaw QALICB, Inc. , or any other subsidiary of KIPP DC, shall be exempt from the tax imposed by § 42-1103 and § 47-903.

                
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(Dec. 2, 2011, D.C. Law 19-46, § 2(b), 58 DCR 8939.)

HISTORICAL AND STATUTORY NOTES

Temporary Addition of Section

Section 2 of D.C. Law 19-32 added a section to read as follows:

"§ 47-1085. KIPP DC --Shaw Campus; Lot 163, Square 510.

"(a) The real property located at 421 P Street, N.W., and described as Lot 163, Square 510 shall be exempt from real property taxation, including possessory interests, so long as the real property continues to be owned, or occupied under a ground lease, by KIPP DC or a subsidiary of KIPP DC.

"(b) Any transfer, assignment, or other disposition of all or any portion of the real property described in subsection (a) of this section, including an assignment of leasehold interest in the real property or a sublease of the real property between KIPP DC and any subsidiary of KIPP DC, shall be exempt from the tax imposed by § 42-1103 and § 47-903.".

Section 4(b) of D.C. Law 19-32 provides that the act shall expire after 225 days of its having taken effect.

Emergency Act Amendments

For temporary (90 day) addition of § 47-1085, see § 2(b) of KIPP DC--Shaw Campus Property Tax Exemption Emergency Act of 2011 (D.C. Act 19-94, July 11, 2011, 58 DCR 5816).

For temporary (90 day) addition of section, see § 2(b) of KIPP DC--Shaw Campus Property Tax Exemption Congressional Review Emergency Act of 2011 (D.C. Act 19- 206, October 20, 2011, 58 DCR 9328).

Legislative History of Laws

Law 19-46, the "KIPP DC--Shaw Campus Property Tax Exemption Act of 2011", was introduced in Council and assigned Bill No. 19-156, which was referred to the Committee on Finance and Revenue. The Bill was adopted on first and second readings on July 12, 2011, and September 20, 2011, respectively. Signed by the Mayor on October 11, 2011, it was assigned Act No. 19-176 and transmitted to both Houses of Congress for its review. D.C. Law 19-46 became effective on December 2, 2011.