A Proposed Bill Would Give 20-Year Tax Abatement To New Development At DC Metro Stations
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New legislation would offer tax breaks to developers that build at DC Metro stations.
Councilmember Christina Henderson is proposing the Unlocking Housing at Metro Property Tax Exemption Amendment Act of 2025, a bill that would offer 20-year tax breaks to new residential developments at Metro stations.
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"To qualify for the benefit, WMATA must enter into a joint development agreement that provides that at least half of a development must be housing, and 75% of the project overall must consist of new construction or substantially rehabilitated structures," Henderson wrote about the bill. "The exemption would be available beginning on January 1, 2026."
DC would be following Montgomery County's lead if this bill passes. In 2020, the More Housing at Metrorail Stations Act was passed in Montgomery County, offering a tax abatement to developers that constructed high-rise development at Metro stations.
This article originally published at https://dc.urbanturf.com/articles/blog/a_proposed_bill_would_give_20-year_tax_abatement_to_new_development_at_metr/23416.
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