The Soul of the City Business Improvement District Congressional Review Emergency Amendment Act of 2026 aims to establish and administer 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 BID taxes will be imposed starting from April 1, 2026, and will remain effective until the act expires or the BID is dissolved. The boundaries of the BID are defined by a comprehensive list of lots and squares.

Additionally, the act specifies the tax rates for nonexempt properties within the BID, including a rate of $0.18 per $100 of assessed value for Class 2 properties, an annual fee for hotel rooms, and exemptions for certain residential units based on income restrictions. It also allows for a 3% annual increase in BID taxes and outlines provisions for properties that have invested in safety-related activities. The act will take effect upon approval by the Mayor and will remain in effect for a maximum of 90 days.