The Soul of the City Business Improvement District Emergency Amendment Act of 2026 aims to establish and manage the Soul of the City Business Improvement District (BID) in the District of Columbia. This act amends the Business Improvement Districts Act of 1996 by adding a new section that outlines the formation of the Soul of the City BID, which will include nonexempt real property within a specified geographic area. The act stipulates that the BID taxes will be imposed until the expiration of the act or the dissolution of the BID, subject to the Mayor's review and approval.

The bill details the tax structure for nonexempt properties within the BID, including specific rates for Class 2 properties, hotels, and certain residential units. It also provides exemptions for properties that meet specific criteria, such as those involved in safety-related activities or those restricted to low-income residents. Additionally, the act allows for a 3% annual increase in BID taxes. The act is set to take effect upon approval by the Mayor and will remain in effect for a maximum of 90 days as an emergency measure.