Extends timeline for nonprofit certification and forgives taxes for a specific property in D.C.
The 2607 Connecticut Avenue NW Timeline Extension and Tax Forgiveness Act of 2025 extends the 12-month requirement for 2607 Connecticut LLC to certify their residential apartment building as a Nonprofit Workforce Housing Property. If the property qualifies for exemption, all real property and recordation taxes assessed since January 23, 2023, will be forgiven and refunded. The act takes effect after approval by the Mayor and a 30-day congressional review period.
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