New DC Tax Rates Effective October 2018

GOVERNMENT OF THE DISTRICT OF COLUMBIA OFFICE OF THE CHIEF FINANCIAL OFFICER OFFICE OF TAX AND REVENUE September 5, 2018 District of Columbia Tax Rates Changes Take Effect Monday, October 1 (Washington, DC) – The District of Columbia Office of Tax and Revenue (OTR) reminds tax professionals, software providers, businesses, and others about tax rate

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DCLTA Fall Seminar on November 8

SAVE THE DATE! Our fall educational seminar will be on Thursday, November 8. We plan to have 4 CREDITS of continuing education(*) with check-in beginning at 10:30 AM and the seminar running until our regular finishing time of 4:00 PM. As usual, lunch will be provided. Details will follow, but the tentative schedule is: 10:30

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TOPA Alert – DHCD Workshop 7/25

The Department of Housing and Community Development is conducting a workshop on July 25 between 1:00 p.m. and 3:00 p.m. entitled “Let’s Talk TOPA: New Law Exempts Most Single Family Properties.”   The workshop will provide an overview of the new law, including: Types of single family properties that are exempt Criteria that an elderly or

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Feds Arrest 47 in $14 Million Real Estate Wire Fraud Scheme

The feds have arrested 47 people in the US and abroad and recovered $14 million in Operation Wire Wire a coordinated law enforcement effort by the U.S. Department of Justice, U.S. Department of Homeland Security, U.S. Department of the Treasury and the U.S. Postal Inspection Service conducted over a six month period. “This operation demonstrates

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DCRA’s Housing Bloom Workshop on June 19

On June 19 from 6:00 to 8:00 PM, DCRA will host Housing Bloom Workshop. Housing Bloom is Mayor Muriel Bowser’s annual month-long initiative that showcases how the public and private sectors are partnering to both produce and preserve affordable housing and revitalize neighborhoods across the District. For more information, contact: Jacqueline Noisette (202) 442-8170. Location: 1100 4th Street

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Realtors® Lobby Congress on Discrimination Laws

On May 16 the National Association of Realtors® Broker Involvement Council lobbied Congress on four key issues affecting the real estate industry. They asked the U.S. House to pass H.R. 1447, which would protect Americans from housing discrimination on the basis of sexual orientation or gender identity. For more on NAR’s lobbying efforts, click here.

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DC Passes Grocery Store Covenant Legislation

The D.C. Council has passed legislation making covenants or restrictions that restrict the ability of certain property to be used as a grocery store or food retail store void or unenforceable. The Grocery Store Restrictive Covenant Prohibition Act of 2018 is intended to prevent “food deserts” from forming in the District. The legislation’s impact on

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TOPA to Exclude Single-Family Residences

Last month the D.C. Council passed the TOPA Single-Family Home Exemption Amendment Act of 2018 to exclude single-family homes (with certain exceptions) from the scope of TOPA, including those with accessory dwelling units. DCLTA worked extensively with the Council on behalf of our membership for certain technical provisions to provide clarity in underwriting TOPA in

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DC Council’s Proposed FY 2019 Budget is Released

The District of Columbia Council has released its proposed FY2019 budget for the period beginning July 1, 2018. Proposed tax changes include: Modifications to the commercial property tax rates and new tax credits Increase in the hotel tax New tax credits for grocery stores, retail and sit-down restaurants in Wards 7&8, including recordation/transfer tax waiver

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New ROD Forms Effective 10/16/17 (including new FP7!)

The Recorder of Deeds has now posted the most current Application for First-Time Homebuyers (ROD 11) and OTR’s Notice regarding it (OTR Tax Notice 2017-07) on its website. We urge DCLTA members to download the necessary forms from ROD’s website in order to have the most updated versions in your systems. https://otr.cfo.dc.gov/book/recorder-deeds-tax-forms For settlements conducted

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