District of Columbia Council Enacts Property Tax Abatement

The District of Columbia Council enacted the 1333 M Street, SE Tax Abatement Amendment Act of 2025. The law includes: 1) allowing a an annual real property tax abatement for the property located at 1333 M Street, SE; 2) providing that the amount of the abatement is equal to the amount of certain real property taxes assessed and imposed in excess of any amount over $150,000 per year, subject to certain conditions; and 3) providing the abatement for 15 consecutive tax years beginning on Oct. 1, 2029. The law takes effect following a 30-day period of congressional review and publication ...