HOUSING COMPLEX: Should Anacostia Businesses Get Steep, Long-Term Tax Abatements?

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Excerpt:

Posted by Lydia DePillis on Jun. 24, 2010 at 03:41 pm

Councilmember Marion Barry wants to make it easier to open a business in Anacostia. To do that, he’s proposed a bill that would slash taxes for 20 years on businesses within a 1,500-foot radius of the Anacostia metro station: Making sit-down restaurants (not fast-food restaurants) exempt from 50 percent of sales taxes, freezing personal property taxes at approximately 2010 levels, and cutting income taxes for all businesses by 25 percent.

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