District Of Columbia § 47-4804(Perm) - Recapture.
Full text of District Of Columbia D.C. Code § 47-4804(Perm) — Recapture., with citation guidance and answers to common questions.
§ 47-4804(Perm). Recapture.
47-4804(Perm)*NOTE: This codification is the most current, due to recent law changes. To see the current law (including emergency and temporary legislation, if relevant) click this link: *
An owner of a project that claims a District of Columbia low-income housing tax credit shall submit a copy of the statement issued by the Department with respect to the project at the time of filing the return required to be filed by the owner pursuant to . In the case of failure to attach the statement, a credit under this section shall not be allowed with respect to the project for that year until the copy is provided to the Chief Financial Officer and the Commissioner.
If under section 42 of the 1986 Internal Revenue Code, as amended and in effect for the taxable year, a portion of any federal low-income housing tax credits taken on a low-income qualified project is required to be recaptured, the District of Columbia low-income housing tax credit authorized by this chapter with respect to such qualified District of Columbia project shall also be recaptured by the Office of Chief Financial Officer or Commissioner of Insurance, Securities, and Banking. The District of Columbia recapture amount shall be equal to the amount of the District of Columbia low-income housing tax credits previously claimed times a fraction, the numerator of which shall be the amount of recaptured federal low-income housing tax credits and the denominator of which shall be the amount of federal low-income housing tax credits previously claimed.
This subsection shall apply to District of Columbia low-income housing tax credits awarded before October 1, 2025.
If a project that claims a District of Columbia low-income tax credit, or the owner of such a project, is found to be non-compliant pursuant to , the Department may recapture credits held by the project or owner or impose a fine on the owner.
This subsection shall apply to District of Columbia low-income housing tax credits awarded on or after October 1, 2025.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 47-4804(Perm)
What does D.C. Code § 47-4804(Perm) cover?
Section 47-4804(Perm) ("Recapture.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 47-4804(Perm)?
A common citation format is "D.C. Code § 47-4804(Perm)" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 47-4804(Perm) apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.