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D.C. Council Chooses Commercial Property Tax Breaks Over Homeless Funding
"On December 4, the DC Council moved to divert an estimated $20 million in new tax funds it had pledged for homeless programs to instead reduce the property tax rate for commercial entities valued at $10 million or more," reports Carolyn Gallahar.
The tax money comes from the District's new Internet Sales Tax, which followed a twisted road to adoption that included a 2013 Budget Act, a June Supreme Court decision, and a final concession to commercial interests "unhappy with an earlier tax hike on commercial properties," according to Gallahar.
Gallahar's opinion on the council's decision is made clear, mimicking an opinion piece by Ed Lazere and Scott Schenkelberg from late November.