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Metropolitan DC Local Politics
Reply to "Tony Williams takes DC Govt to task for failing downtown and budget mismanagement"
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[quote=Anonymous]The DC Council responded. Pinto and Henderson introduced a bill to provide 35 YEAR! property tax abatement for any commercial office conversions downtown for other uses. That is the full IRS depreciation schedule for commercial real estate. They need to do something, but this seems wildly irresponsible. https://www.bizjournals.com/washington/news/2022/12/01/dc-office-vacancy-incentives.html[/quote]
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