D.C. Mun. Regs. tit. 9, r. 9-339

Current through Register Vol. 71, No. 50, December 13, 2024

Rule 9-339 - SPECIAL RULES FOR COOPERATIVE HOUSING ASSOCIATIONS

339.1

The reduction in the real property tax liability of cooperative housing associations shall be provided for the benefit of members and shareholders of the association who meet the age and income requirements of § 5(a) of the Real Property Tax Rates for Tax Year 1987 Act of 1986 (herein the "Act").

339.2

In order for a shareholder or member of a cooperative housing association, who incurs a pro rata share of tax liability owed by the cooperative housing association, to receive the fifty percent (50%) tax reduction pursuant to the Act, he or she shall first pay the real property tax when due, then file a refund request on a return provided by the Mayor before the June 1st immediately preceding the end of the tax year for which the request for refund is being made.

339.3

A member or shareholder of a cooperative housing association which owns residential real property classified as Class One Property shall be eligible for the property tax liability reduction provided under the Act if the following conditions are met:

(a) The member or shareholder is sixty-five (65) years of age or older:

(b) The member or shareholder occupies a dwelling unit in the property owned by the cooperative housing association;

(c) The member or shareholder receives retirement income, social security benefits, or both as his or her primary means of support as such terms are defined in this chapter; and

(d) The member or shareholder submits an application for the reduction to the Deputy Chief Financial Officer of the Office of Tax and Revenue within the times required by this section.

339.4

Application for a reduction in the real property tax liability of a cooperative housing association pursuant to § 5(a) of the Act shall be made on a form or forms approved by the Mayor which shall include, but not be limited to, a statement of the applicant member's or shareholder's proportionate share of real property tax liability as computed by the cooperative housing association and how that determination was made.

339.5

The applications provided by the Mayor pursuant to § 339.4 shall be signed under oath by the applicant member or shareholder and the officer or agent of the cooperative housing association, and acknowledge the penalties provided by law for making false statements.

339.6

The Mayor may require the officers or agents of each cooperative housing association to distribute the application forms required by this section to its shareholders or members and to collect the completed application forms from the members or shareholders for return to the Deputy Chief Financial Officer of the Office of Tax and Revenue, The officers or agents shall supply any other information as the Mayor may require.

D.C. Mun. Regs. tit. 9, r. 9-339

Final Rulemaking published at 34 DCR 1837, 1841 (March 20, 1987)