article: SECTION 1. SHORT TITLE. This Act may be cited as the ``District of Columbia Tax Revenue Nondiscrimination Act of 1997''. SEC. 2. REPEAL PROVISIONS GRANTING PROPERTY TAX RELIEF TO CERTAIN ENTITIES IN THE DISTRICT OF COLUMBIA. (a) In General.-- (1) American chemical society; american forestry association; brookings institution; carnegie institution of washington, dc; medical society of the district of columbia; national academy of sciences; american pharmaceutical association; national geographic society; national lutheran home; american association to promote the teaching of speech to the deaf.--Section 1(k) of the Act entitled ``An Act to define real property exempt from taxation in the District of Columbia'', approved December 24, 1942 (D.C. Code 47-1002(11)) is hereby repealed. (2) Disabled american veterans.--The Act entitled ``An Act to exempt from taxation certain property of the Disabled American Veterans in the District of Columbia'', approved May 15, 1946 (D.C. Code 47-1003) is hereby repealed. (3) National society of the colonial dames of america.--The Act entitled ``An Act to exempt from taxation certain property of the National Society of the Colonial Dames of America in the District of Columbia'', approved September 7, 1949 (D.C. Code 47-1004) is hereby repealed. (4) Jewish war veterans, u.s.a., national memorial incorporated.-- Public Law 98-486 (D.C. Code 47-1005) is hereby repealed. (5) Louise home.--The Act entitled, ``An Act to incorporate the trustees of the Louise Home, and for other purposes'', approved March 3, 1875 (D.C. Code 47-1012) is hereby repealed. (6) Oak hill.--Section 10 of the Act entitled ``An Act to incorporate the Oak Hill Cemetery, in the District of Columbia'', approved March 3, 1849 (D.C. Code 47-1015) is hereby repealed. (7) Corcoran gallery of art.-- (A) Real property and works of art.--Section 4 of the Act entitled ``An Act to incorporate the Trustees of the Corcoran Gallery of Art, and for other purposes'', approved May 24, 1870 (D.C. Code 47-1016) is hereby repealed. (B) Endowment fund.--The Act entitled ``An Act to exempt from taxation all property held by the trustees of the Corcoran Gallery of Art, and for other purposes'', approved January 26, 1887 (D.C. Code 47- 1017) is hereby repealed. (8) Luther statue association.--Section 4 of the Act entitled ``An Act to incorporate the Luther Statue Association, to erect and maintain a monument or statue in memory of Martin Luther in the District of Columbia'', approved March 3, 1885 (D.C. Code 47-1019) is hereby repealed. (9) Young woman's christian association.-- (A) Young women's christian home.--Section 2 of the Act entitled ``An Act to incorporate the trustees of the Young Woman's Christian Home in Washington, District of Columbia'', approved February 23, 1887 (D.C. Code 47-1021) is amended by striking ``: Provided,'' and all that follows and inserting a period. (B) Property.--Section 1 of the Act entitled ``An Act to exempt the property of the Young Women's Christian Association in the District of Columbia from national and municipal taxation'', approved June 16, 1938 (D.C. Code 47-1022) is amended by striking ``and municipal''. (10) Young men's christian association.--The Act entitled ``An Act to exempt the property of the Young Men's Christian Association of the District of Columbia'', approved June 16, 1894 (D.C. Code 47-1024) is hereby repealed. (11) Edes home.--Section 2 of the Act entitled ``An Act to incorporate the Edes Home'', approved January 1, 1906 (D.C. Code 47-1026) is amended by striking the second sentence. (12) General education board.--Section 6 of the Act entitled ``An Act to incorporate the General Education Board'', approved January 12, 1903 (D.C. Code 47-1027) is hereby repealed. (13) Daughters of the american revolution.--The following provisions of law are hereby repealed: (A) The Act entitled ``An Act to exempt from taxation certain property of the Daughters of the American Revolution in Washington, District of Columbia'', approved May 21, 1924 (D.C. Code 47-1028). (B) The Act entitled ``An Act to exempt from taxation certain property of the Daughters of the American Revolution in Washington, District of Columbia'', approved February 27, 1903 (D.C. Code 47- 1029). (C) The Act entitled ``An Act to exempt from taxation certain property of the Daughters of the American Revolution in Washington, District of Columbia'', approved September 16, 1922 (D.C. Code 47- 1030). (D) The Act entitled ``An Act to exempt from taxation certain property of the Daughters of the American Revolution in Washington, District of Columbia'', approved August 15, 1916 (D.C. Code 47- 1031). (E) The Act entitled ``An Act to exempt from taxation certain property of the Daughters of the American Revolution in Washington, District of Columbia'', approved March 3, 1917 (D.C. Code 47-1032). (14) National society united states daughters of 1812.--The Act entitled ``An Act to exempt from taxation certain property of the National Society United States Daughters of 1812 in the District of Columbia'', approved June 4, 1934 (D.C. Code 47- 1033) is hereby repealed. (15) National society of the sons of the american revolution.--The Act entitled ``An Act to exempt from taxation certain property of the National Society of the Sons of the American Revolution'', approved June 16, 1934 (D.C. Code 47- 1034) is hereby repealed. (16) American legion.--The Act entitled ``An Act to exempt from taxation certain property of the American Legion in the District of Columbia'', approved June 13, 1934 (D.C. Code 47- 1035) is hereby repealed. (17) National education association.--Section 4 of the Act entitled ``An Act to incorporate the National Education Association of the United States'', approved June 30, 1906 (D.C. Code 47-1036) is hereby repealed. (18) Society of the cincinnati.--The Act entitled ``An Act to exempt from taxation certain property of the Society of the Cincinnati, a corporation of the District of Columbia'', approved February 24, 1938 (D.C. Code 47-1037) is hereby repealed. (19) American veterans of wwii.--The Act entitled ``An Act to exempt from taxation certain property of the AMVETS, American Veterans of WWII, in the District of Columbia'', approved June 28, 1952 (D.C. Code 47-1038) is hereby repealed. (20) Veterans of foreign wars.--The Act entitled ``An Act to exempt from taxation certain property of the Veterans of Foreign Wars in the District of Columbia'', approved July 19, 1954 (D.C. Code 47-1039) is hereby repealed. (21) National woman's party.--Public Law 86-706 (D.C. Code 47-1040) is hereby repealed. (22) American association of university women, educational foundation, incorporated.--Public Law 86-709 (D.C. Code 47- 1041) is hereby repealed. . (23) National guard association of the united states.-- Public Law 86-727 (D.C. Code 47-1042) is hereby repealed. (24) Woodrow wilson house.--Public Law 88-470 (D.C. Code 47-1043) is hereby repealed. (25) American institute of architects foundation.--Section 203 of the District of Columbia Revenue Act of 1970 (D.C. Code 47-1044) is hereby repealed. (b) Effective Date.--The amendments made by this section shall apply with respect to taxable years beginning after December 1997. SEC. 3. PERMITTING DISTRICT OF COLUMBIA TO TAX CERTAIN GOVERNMENT- SPONSORED ENTERPRISES. (a) Federal National Mortgage Association.--Section 309(c)(2) of the Federal National Mortgage Association Charter Act (12 U.S.C. 1723a(c)(2)) is amended by striking ``States, or by the District of Columbia'' and inserting ``States (other than the District of Columbia)''. (b) Federal Home Loan Mortgage Corporation.--Section 303(e) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1452(e)) is amended by striking ``authority,'' and inserting ``authority (other than the District of Columbia)''. (c) Student Loan Marketing Association.--Section 439(b)(2) of the Higher Education Act of 1965 (20 U.S.C. 1087-2(b)(2)) is amended by striking ``States, or by the District of Columbia'' and inserting ``States (other than the District of Columbia)''. (d) Effective Date.--The amendments made by this section shall apply with respect to taxable years beginning after December 1997.
summary: District of Columbia Tax Revenue Nondiscrimination Act of 1997 - Repeals various District of Columbia Code property tax exemptions for specified organizations located in the District of Columbia. Amends specified Federal laws to permit the District of Columbia Government to tax: (1) the Federal National Mortgage Association (FANNIE MAE); (2) the Federal Home Loan Mortgage Corporation (FREDDIE MAC); and (3) the Student Loan Marketing Association (SALLIE MAE).