The Soul of the City Business Improvement District Amendment Act of 2025 establishes the Soul of the City Business Improvement District (BID) in a designated area of the District of Columbia, which will include nonexempt real property. The bill outlines the BID's authority to impose taxes on these properties, with specific rates set for different property classes, including a rate of $0.18 per $100 of assessed value for Class 2 properties (excluding hotels) and annual fees for hotels and certain residential units. Additionally, the bill provides exemptions for residential units under federal or District affordable housing programs if household income is at or below 100% of the area median income.

The legislation introduces a new section to the Business Improvement District Act of 1996, detailing the geographic boundaries of the Soul of the City BID, including precise descriptions of streets, alleys, and lots. It also includes provisions for tax assessments related to properties constructed on exempt land and allows for exemptions based on safety-related expenditures. The bill permits a 3% annual increase in BID taxes and outlines the process for fiscal impact statements, with the act taking effect after mayoral approval and congressional review.