Council Passes Bill Providing Tax Incentive for Projects on WMATA Property
The County Council yesterday approved a bill that would exempt 100% of the property tax for a project built on property leased from WMATA at a Metro station in the county. Bill 29-20, the “More Housing at Metrorail Stations Act,” would apply to construction of new high-rise development that includes at least 50% rental housing and be in effect for 15 years.