The 1333 M Street, SE Tax Abatement Amendment Act of 2025 aims to provide a real property tax abatement for the property located at 1333 M Street, SE, known for tax assessment purposes as Lot 2, Square 1048, Suffix-S. The bill introduces a new section in Chapter 46 of Title 47 of the District of Columbia Official Code, which allows for a tax abatement for 15 consecutive tax years starting October 1, 2029. The abatement will equal the amount of real property taxes assessed over $150,000 per year, contingent upon the developer, FRF Land Owner LLC, meeting specific conditions related to the construction of inclusionary units and public space improvements, as well as monetary contributions to local community organizations.

Additionally, the bill outlines the process for the developer to report compliance with these conditions to the Mayor, who will then certify eligibility for the tax abatement to the Office of Tax and Revenue. The legislation ensures that the tax abatement is supplementary to any other tax relief or assistance available for the project and does not restrict the developer from utilizing other economic incentives. The act will take effect following the Mayor's approval and a 30-day congressional review period.