The Soul of the City Business Improvement District Amendment Act of 2025 aims to establish and administer the Soul of the City Business Improvement District (BID) in the District of Columbia. The bill authorizes the formation of the BID, which will encompass specific nonexempt real properties within a defined geographic area, as approved by the Mayor. The BID will impose taxes on these properties starting April 1, 2026, until the act expires or the BID is dissolved. The bill outlines the specific lots that will be included in the BID, ensuring that these descriptions remain fixed despite any future changes to the properties.

Additionally, the bill details the tax structure for nonexempt properties within the BID, including rates for Class 2 properties, hotels, and certain residential units. It provides exemptions for properties that meet specific criteria, such as those involved in affordable housing programs or those that have invested significantly in safety-related activities. The legislation also allows for a 3% annual increase in BID taxes. The act will take effect following the Mayor's approval and a 30-day congressional review period.