WeVote
Log In

Bill

Bill

B 26-0685

151 Q Street Residential Economic Development Real Property Tax Exemption Amendment Act of 2026

26th Council Period (2025-2026) Introduced by Zachary Parker

The bill provides a targeted real property tax exemption for eligible residential development near 151 Q Street to spur investment and housing/economic activity.

Notice of Intent to Act on B26-0685 Published in the District of Columbia Register
0
WeVote Research Nonpartisan
Bill Summary · B 26-0685

Bill Summary – B 26-0685: 151 Q Street Residential Economic Development Real Property Tax Exemption Amendment Act of 2026

Overview

  • Jurisdiction: District of Columbia (Council)
  • Bill Number: B 26-0685
  • Session: 26
  • Title: 151 Q Street Residential Economic Development Real Property Tax Exemption Amendment Act of 2026

  • Sponsor: Councilmember Zachary Parker (co-sponsor)

  • Status/Action History:

    • Introduced: May 4, 2026
    • Referred to Committee of the Whole: May 5, 2026

Purpose and Intent

The bill aims to modify and extend or refine the real property tax exemption program specific to residential development at or around the property located at 151 Q Street. The overarching goal is to stimulate residential economic development and investment in that area by providing targeted property tax relief to eligible projects, thereby encouraging development, redevelopment, or rehabilitation of residential real property.

Key Provisions (What the Bill Would Change)

Given the title and typical structure of similar measures, the bill is expected to address the following areas (note: specific statutory language is not provided here; the summary reflects the likely content based on the bill’s title):

  • Eligibility Criteria for the Exemption:

    • Defines which residential properties at or near 151 Q Street qualify for the exemption.
    • Establishes requirements related to project type (e.g., new construction, substantial rehabilitation, or preservation), affordability terms, and job creation or economic activity benchmarks.

  • Exemption Details:

    • Specifies the duration of the exemption (e.g., number of years) and the applicable assessment basis (e.g., current assessed value or a stepped-down rate over time).
    • Outlines the scope of the exemption (e.g., full or partial tax exemption on real property taxes, potentially excluding certain levies).

  • Application and Approval Process:

    • Sets forth steps property owners or developers must take to apply for the exemption.
    • Establishes deadlines, documentation requirements, and timelines for Council approval or administrative determination.
    • Determines who has authority to grant, deny, or renew the exemption.

  • Performance and Compliance Requirements:

    • May include annual reporting, compliance with affordable housing or local hiring goals, and penalties for non-compliance or fraud.
    • Potential alignment with broader economic development or housing goals for the District of Columbia.

  • Sunset and Renewal Provisions:

    • Possible sunset clause or periodic review mechanism to reassess the exemption’s effectiveness and continue, modify, or terminate the program.

  • Relation to Other Tax Programs:

    • Clarifies how this exemption interacts with other property tax abatements, relief programs, or economic development incentives in the District.

Affected Parties

  • Property Owners / Developers: Those owning or developing residential property at or around 151 Q Street who qualify under the amended rules.
  • Residents and Employees: Beneficiary groups may include residents of new or rehabilitated units and workers supported by the development project if linked to local hiring or affordable housing requirements.
  • District Revenue and Tax Administration: City agencies responsible for applying, monitoring, and auditing the exemption.

Timelines and Procedural Notes

  • The bill has been introduced and immediately referred to the Committee of the Whole (as of May 5, 2026).
  • Future steps likely include committee review, potential amendments, public hearings, and a full Council vote.
  • If enacted, implementation would require regulations or administrative guidance to operationalize eligibility criteria, application processes, and reporting requirements.

Potential Impacts

  • Economic Development: Encourages investment in the 151 Q Street area by reducing property tax burdens for qualifying residential projects.
  • Affordable Housing / Local Hiring: Depending on accompanying requirements, could advance affordability and job creation goals.
  • Fiscal Considerations: Temporary reduction in property tax revenue from affected properties, balanced against anticipated economic activity and housing supply gains.

If you have access to the bill’s full text, I can provide a clause-by-clause mapping to these provisions and annotate specific numbers (e.g., exemption years, percentage reductions, submission deadlines).

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.