§ 47.4802

Credit established. (a) There is established a District of Columbia low-income housing tax credit. (b) [Repealed]. (c) [Repealed]. (d) The Department may award District of Columbia low-income housing tax credits to eligible projects in accordance with § 47-4803. (e) The total credits available for the Department to award are as follows: (1) In Fiscal Year 2025, $8,575,000; (2) In Fiscal Year 2026, $8,750,000; (3) In Fiscal Year 2027, $8,925,000; (4) In Fiscal Year 2028, $9,100,000; and (5) In each subsequent fiscal year, 105% of the total credits available for award in the prior fiscal year. (Feb. 26, 2015, D.C. Law 20-155, § 7142(b), 61 DCR 9990; Oct. 22, 2015, D.C. Law 21-36, § 7047, 62 DCR 10905; Oct. 8, 2016, D.C. Law 21-160, § 7132, 63 DCR 10775; Dec. 3, 2020, D.C. Law 23-149, § 7202(c), 67 DCR 10493; Sept. 18, 2024, D.C. Law 25-217, § 2162(b), 71 DCR 9990.) Effect of Amendments The 2015 amendment by D.C. Law 21-36 substituted 'tax year 2016' for 'tax year 2015' in (a)(2). Emergency Legislation For temporary (90 days) amendment of this section, see § 2162(b) of Fiscal Year 2025 Budget Support Emergency Act of 2024 (D.C. Act 25-506, July 15, 2024, 71 DCR 8406).

(a)(2). Emergency Legislation For temporary (90 days) amendment of this section, see § 2162(b) of Fiscal Year 2025 Budget Support Emergency Act of 2024 (D.C. Act 25-506, July 15, 2024, 71 DCR 8406). For temporary (90 days) amendment of this section, see § 7017 of the Fiscal Year 2016 Budget Support Emergency Act of 2015 (D.C. Act 21-127, July 27, 2015, 62 DCR 10201).