Washington D.C. Council Bill 250289

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 11 2023 - 25% progression
Action: 2023-05-19 - Notice of Intent to Act on B25-0289 Published in the DC Register
Text: Latest bill text (Introduced) [PDF]

As introduced, Bill 25-289 would specify the total value of credits available for the Department of Housing and Community Development to award. Among other things it also requires that each tax credit be awarded on a competitive basis and prohibits the use of a tax credit against certain taxes imposed unless the owner has filed an affidavit with the Department of Housing and Urban Development certifying that the value received by the owner was used to ensure the financial feasibility of the project. It would also provide the Department authority to recapture credits held by the project or owner or impose a fine on the owner for non-compliance.

District of Columbia Low-Income Housing Tax Credit Amendment Act of 2023

Cnc. Phil Mendelson [D]

Date	Chamber	Action
2023-05-19	Council	Notice of Intent to Act on B25-0289 Published in the DC Register
2023-05-16	Council	Referred to Committee on Business and Economic Development
2023-05-11	Council	Introduced in Office of the Secretary

Type	Source
Summary	https://lims.dccouncil.gov/Legislation/B25-0289
Text	https://lims.dccouncil.gov/downloads/LIMS/53009/Introduction/B25-0289-Introduction.pdf