DC B23-0695 | 2019-2020 | 23rd Council
Status
Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on March 3 2020 - 25% progression, died in chamber
Action: 2020-03-13 - Notice of Intent to Act on B23-0695 Published in the DC Register
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 3 2020 - 25% progression, died in chamber
Action: 2020-03-13 - Notice of Intent to Act on B23-0695 Published in the DC Register
Text: Latest bill text (Introduced) [PDF]
Summary
As introduced Bill 23-695 makes the property tax abatement for limited-equity cooperatives (LECs) permanent if they meet certain household income requirements. It also includes in the definition of LEC that an LEC which has membership limitations in its articles of incorporation or organization, limits the household income of a buyer, and requires a vote of at least 2/3 of its membership to amend its articles of incorporation or organization.
Title
Limited Equity Cooperative Property Tax Assistance Amendment Act of 2020
Sponsors
| Cnc. Anita Bonds [D] | Cnc. Brandon Todd [D] | Cnc. Brianne Nadeau [D] | Cnc. Trayon White [D] |
| Cnc. Mary Cheh [D] | Cnc. David Grosso [D] | Cnc. Robert White [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-03-13 | Council | Notice of Intent to Act on B23-0695 Published in the DC Register |
| 2020-03-03 | Council | Referred to Committee on Business and Economic Development |
| 2020-03-03 | Council | Introduced in Legislative Meeting |
Washington D.C. State Sources
| Type | Source |
|---|---|
| Summary | https://lims.dccouncil.gov/Legislation/B23-0695 |
| Text | https://lims.dccouncil.gov/downloads/LIMS/44332/Introduction/B23-0695-Introduction.pdf |
