Bill
B 26-0040
Overview: B 26-0040, 1333 M Street, SE Tax Abatement Amendment Act of 2025, Law L26-0022, Effective from Aug 16, 2025 Published in DC Register Vol 72 and Page 009561, Introduced on
Overview: B 26-0040, 1333 M Street, SE Tax Abatement Amendment Act of 2025, Law L26-0022, Effective from Aug 16, 2025 Published in DC Register Vol 72 and Page 009561, Introduced on January 10, 2025
Purpose and Intent: The 1333 M Street, SE Tax Abatement Amendment Act of 2025 aims to provide a targeted tax abatement for the development of a new mixed-use project at the 1333 M Street, SE location in the District of Columbia. The bill is intended to incentivize investment and revitalization in this specific area of the city.
Key Provisions:
- Grants a 10-year property tax abatement for the 1333 M Street, SE development project
- Requires the project to include a minimum of 20% affordable housing units
- Mandates the creation of new commercial and retail spaces as part of the development
- Specifies that the tax abatement will only apply to the incremental increase in property value, not the entire assessed value
Affected Parties and Impacts: This legislation will directly benefit the developers and owners of the 1333 M Street, SE project, as well as the future residents and tenants of the mixed-use development. The tax abatement is expected to make the project more financially viable and encourage investment in this area of the city. The affordable housing and commercial components will also benefit the surrounding community.
Procedural and Timeline Considerations: The 1333 M Street, SE Tax Abatement Amendment Act of 2025 was signed into law on August 16, 2025 and is now in effect. The tax abatement will be applied to the project for the next 10 years, subject to the conditions outlined in the legislation.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
