Districts would report results and could renew for longer terms

A BID may raise its tax rate once a year by up to 5 percent. This applies to business improvement districts in the District. A BID may collect an increased rate only if it met the reporting rules for the most recent fiscal year.

The Department of Small and Local Business Development must set reporting rules and maintain a public dashboard or other searchable electronic system. The system must include each BID's annual results, tax revenue, spending, current plan, and annual reports. Each BID chooses measures tied to its plan and activities, using data it can reasonably access. The department may compare BIDs only when their measures are meaningfully comparable and may not rank them when differences would make rankings misleading. The department must review annual reports and give a BID at least 30 days to fix a reporting gap after written notice.

A BID may seek successive 10-year renewal terms after its initial term and one 5-year extension. This applies to registered business improvement districts after their initial term and one 5-year extension. The BID must give notice at least 180 days before its term ends and submit an operating plan. The Mayor must hold a public hearing and issue a re-registration notice. The initial term ends on the last day of the District's fifth full fiscal year during which the BID is registered.

Some BIDs may impose taxes on Class 1A or Class 1B residential properties. The provision covers Class 1A and Class 1B properties within a BID. Condominium units count as one property for certain approval calculations but remain separate properties for tax charges. A BID that already has authority to tax these properties may use its rate in effect when the act takes effect; later increases follow the annual limit. A BID that does not impose these taxes when the act takes effect may use a rate of $120 per unit each year, or another rate set under the law. For a unit restricted to eligible residents under a federal or District affordable housing program, the charge is multiplied by the percentage of area median income an eligible household must meet for that program. The rates described apply as of the act's effective date; later rate increases follow the annual limit.