The 2607 Connecticut Avenue NW and 4111 Kansas Avenue NW Timeline Extension and Tax Forgiveness Act of 2026 authorizes the refund of property taxes, interest, and penalties for two specific properties located at 2607 Connecticut Avenue, NW, and 4111 Kansas Avenue, NW, provided they meet the certification requirements for Nonprofit Workforce Housing under section 47-1005.03(b) of the District of Columbia Official Code. For the property at 2607 Connecticut Avenue, if certified by September 30, 2026, all taxes and penalties assessed since January 23, 2023, will be forgiven, with a total refund cap of $506,627. Similarly, for the property at 4111 Kansas Avenue, if it meets the requirements within 48 months of acquisition, all taxes and penalties assessed since May 21, 2022, will also be forgiven.

The bill includes provisions for the applicability of these tax forgiveness measures, which will take effect upon the inclusion of their fiscal impact in an approved budget and financial plan. The Chief Financial Officer is tasked with certifying this inclusion and notifying the Budget Director, who will publish the notice in the District of Columbia Register. The act will become effective following approval by the Mayor and a 30-day congressional review period.