The Soul of the City Business Improvement District Temporary Amendment Act of 2026 aims to establish and administer the Soul of the City Business Improvement District (BID) in the District of Columbia. The bill 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 BID taxes will be imposed starting from April 1, 2026, and will remain effective until the act expires or the BID is terminated.

The bill specifies the tax rates for nonexempt properties within the Soul of the City BID, including a rate of $0.18 per $100 of assessed value for Class 2 properties (excluding hotels), an annual fee of $120 per hotel or motel room, and a $120 annual fee per unit for certain residential properties. Additionally, it provides exemptions for properties that meet specific criteria, such as those restricted to low-income residents or those that have invested significantly in safety-related activities. The act will take effect upon approval by the Mayor and will expire after 225 days.