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, in Ward 6. The bill introduces a new section, 47-4682, to Chapter 46 of Title 47 of the District of Columbia Official Code, which specifies that for 15 consecutive tax years starting October 1, 2029, the property will receive an annual tax abatement equal to the amount of real property taxes assessed over $150,000 per year. The abatement is contingent upon the developer, FRF Land Owner LLC, meeting certain conditions, including reserving a minimum of 12% of the residential gross floor area for inclusionary units and completing specific public space improvements.

Additionally, the bill outlines the requirements for the developer to provide information to the Mayor by October 31 of each tax year to confirm compliance with the conditions for the abatement. The Mayor is responsible for certifying the property's eligibility for the tax abatement to the Office of Tax and Revenue by December 31 of each tax year. The legislation also clarifies that the tax abatement is supplementary to any other tax relief or assistance available to the project and does not restrict the developer from utilizing other economic incentives.