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|Councilmember Charlene Drew Jarvis
A BILL IN THE COUNCIL OF THE DISTRICT OF COLUMBIA
To amend Title 47 Chapter 38 of the District of Columbia Code to exempt the owner of a qualified supermarket in an enterprise zone from sales taxes on the purchase of building materials and equipment used to undertake the construction or substantial rehabilitation of a qualified supermarket; and license fees, personal property taxes, and real property, taxes levied on the qualified supermarket for a period of ten years.
BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this act may be cited as the "Supermarket Tax Incentives Amendment Act of 1999".
Sec. 2. Chapter 38 of Title 47 of the District of Columbia Code is amended as follows:
(a) Strike in its entirety Subchapter I Definition (1) "Fair market value" and (4) "Underserved area".
(b) Subchapter I is amended to read as follows:
(c) Strike in its entirety Subchapter II Underserved Areas.
(d) Subchapter I is amended to read as follows:
Sec. 3. Rules and Regulations.
The District of Columbia Office of Tax and Revenue shall promulgate rules, regulations, and forms necessary for the administration of this act.
Sec. 4. Fiscal impact statement.
Sec. 5. Effective date.
This act shall take effect following approval by the Mayor (or in the event of veto by the Mayor, action by the Council to override the veto), approval by the Financial Responsibility and Management Assistance Authority as provided in section 203(a) of the District of Columbia Financial Responsibility and Management Assistance Act of 1995, approved April 17, 1995 (109 Stat. 1 16; D.C. Code §47-392.3(a)), a 30-day period of Congressional review as provided in section 602(c)(1) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 813; D.C. Code §1-233(c)(1)), and publication in the District of Columbia Register.
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