Avanti Real Estate, Inc. Real Property Tax Exemption Amendment Act of 2025

This bill exempts a specific property - Lot 123, Square 2836 at 3421 14th Street, N.W. - owned by Avanti Real Estate Services, Inc., from real estate taxes for 10 years (October 1, 2024-September 30, 2034). The exemption applies only if the property is used by Avanti for real estate brokerage services focused on creating generational wealth, employing District residents, and providing industry training. All past taxes, penalties, and fees assessed on this property as of the bill’s effective date are forgiven. The exemption requires annual certification by the Mayor to confirm the property continues to meet these usage conditions.