Pub. L. 91-650, tit. II, sec. 203

Sec. 203. (a) Subject to the provisions of subsection (b) of this section, the following property in the District of Columbia owned by the American Institute of Architects Foundation, Incorporated, a non-profit corporation organized and existing under the laws of the State of New York, shall be exempt from taxation by the District of Columbia: (1) The real property (including the improvements thereon known as the Octagon House) which is described as lot 36 in square 170. (2) The furniture, furnishings, and other personal property located in any improvements on such real property. (b) The property described in subsection (a) shall be exempt from taxation by the District of Columbia so long as (1) that property is owned by the Foundation referred to in subsection (a) and is used in carrying on its purposes and activities and is not used for any commercial purposes; and (2) the Octagon House is (A) maintained by that Foundation as a historical building to be preserved for its architectural and historical significance, and (B) accessible to the general public without charge or payment of a fee of any kind at such reasonable hours and under such regulations as may, from time to time, be prescribed by that Foundation. The provisions of section 2 of the Act entitled “An Act to define the real property exempt from taxation in the District of Columbia”, approved December 24, 1942 (D.C. Code, sec. 47–801b), shall apply with respect to the property made exempt from taxation by this section, and the Foundation shall make the reports required by section 3 of that Act (D.C. Code, sec. 47–801c) and shall have the appeal rights provided by section 5 of that Act (D.C. Code, sec. 47–801e). (c) This section shall apply with respect to taxable years beginning after June 30, 1969.