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 establishes a new section in Chapter 46 of Title 47 of the District of Columbia Official Code, allowing 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 provide annual information to the Mayor to confirm compliance with the conditions for the tax abatement. The Mayor will then certify the property's eligibility to the Office of Tax and Revenue. The abatement is designed to be supplementary to any other tax relief or assistance available to 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.