There’s still time to nominate local icons for Best of D.C.
The chorus demanding that organizations exempt from District taxes pay the piper has swelled by one notable member. Last week, Ward 1 Councilmember Frank Smith proposed a resolution that would require the mayor to investigate whether the city could create a new property tax assessment class or a payment-in-lieu-of-taxes (PILOT) to wring revenue from nonprofit deadbeats. Councilmember Kathy Patterson (D-Ward 3) has already introduced legislation requiring a detailed list of the tax-free. And At-Large Councilmember John Ray introduced a bill that asks Congress’ permission to tax the Federal Home Mortgage Association (Fannie Mae), Freddie Mac, and Sallie Mae. The city forgoes more than $200 million in property taxes alone from these three companies. Congressional legislation also exempts Fannie Mae from nearly $300 million in corporate taxes. Later this month, Smith is expected to try to impose a PILOT.