367. REQUIREMENT TO FILE FORM BEFORE BENEFITING FROM TAXABLE ASSESSMENT AS A RESALE RESTRICTED PROPERTY

367 REQUIREMENT TO FILE FORM BEFORE BENEFITING FROM TAXABLE ASSESSMENT AS A RESALE RESTRICTED PROPERTY 367.1 Residential real property that qualifies as “resale restricted properties,” as that phrase is defined under D.C. Official Code § 47-820.02, shall receive a benefit as determined under such statute. 367.2 Filing the applicable form devised by the DCFO shall be a means of providing notice to the DCFO that the real property is resale restricted. 367.3 The form shall be completed and filed before the benefit under D.C. Official Code § 47-820.02 may be received. 367.4 The benefit shall be effective beginning with the half tax year when the owner purchased the resale restricted real property, as determined by the date of the deed or the date the deed was acknowledged, whichever is later. 367.5 No benefit shall be received prior to the date the owner purchased the resale restricted real property or 3 years, whichever is sooner. SOURCE: Final Rulemaking published at 56 DCR 1811 (February 27, 2009).