The OCFO is required to provide the District Council with financial information regarding a tax exemption or abatement and collect annual certifications of continuing eligibility for certain abatements and exemptions from property owners.
The Exemptions and Abatements Information Requirements Act of 2011 requires the Office of the Chief Financial Officer (OCFO) to provide the Council of the District of Columbia with particular information about entities and projects requesting an abatement or an exemption. This information includes a summary of community benefits and an analysis regarding certain financial aspects of the project and entity. The OCFO must also request and collect annual certifications of continuing eligibility for certain abatements and exemptions from property owners.
For more information regarding submission requirements, view the link below: