The bill titled the "4111 Kansas Avenue NW Timeline Extension and Tax Forgiveness Act of 2025" aims to provide specific exemptions for the property located at 4111 Kansas Avenue, NW, owned by SOME, Inc. It allows the organization an extension of 48 months from the date of acquisition to meet the recertification requirements necessary to qualify as a nonprofit workforce housing property, as outlined in section 47-1005.03(b) of the District of Columbia Official Code. Additionally, the bill proposes to forgive and refund any real property taxes assessed or paid on the property since May 31, 2022.
The legislation includes a provision that overrides the existing recertification timeline, granting the owner a longer period to comply with the requirements. Furthermore, it stipulates that all real property and recordation taxes assessed from May 21, 2022, until the end of the 48-month extension will be forgiven and refunded. The bill will take effect following the Mayor's approval, a 30-day congressional review period, and publication in the District of Columbia Register.