77TH CONG. , 2D SESS.-CH. 826 -DEC. 24 , 1942 contract of sale together with other evidence necessary to establish the amount of profit or loss therefrom at least ten days prior to the date of settlement of such sale. Taxes assessed under this subpara- graph shall constitute a lien upon such property. SEC. 2. If any building or any portion thereof, or grounds, belong- rcuperhrySedt ing to and actually used by any institution or organization entitled to Assessment. exemption under the provisions of this Act are used to secure a rent or income for any activity other than that for which exemption is granted such building, or portion thereof, or grounds, shall be assessed and taxed. SEC. 3. Every institution, organizations corporation, or association Annualreport. owning property exempt under the provisions of paragraph d to q, inclusive, of section 1 of this Act, shall, on or before March 1, 1943, and on or before March 1 of each succeeding year, furnish the Com- missioners of the District of Columbia a report, under oath, showing the purposes for which its exempt property has been used during the preceding calendar year. Upon written application by the institu- tion, organization, corporation, or association filed before March 1 of any year, the Commissioners may extend the time for filing said report for a reasonable period. A copy of such report shall be for- warded to the Congress by the Commissioners. If such report is not filed within the time provided herein, or as extended by the Commissioners, the property of the institution, organ- ization, corporation, or association affected shall immediately be assessed and taxed until the required report is filed: Provided, how- PEg-. ever, That such tax shall be for a minimum period of thirty days. SEC. 4. The Commissioners of the District of Columbia, upon writ- Abatement or ten application by the owner of real property, filed within ninety days from the date of the approval of this Act, are authorized to abate any tax assessed against any real property exempted by this Act where such tax was assessed after January 1, 1941, or to refund any such tax within the limitations of appropriations therefor. SEC. 5 . Any institution, organization, corporation, or association Appeals aggrieved by any assessment of real property deemed to be exempt from taxation under the provisions of this Act may appeal therefrom to the Board of Tax Appeals for the District of Columbia in the same manner and to the same extent as provided in sections 3 and 4 of 52 tat. 71. D.CCodeif47- title IX of the District of Columbia Revenue Act of 1939, as amended: 2403, 47 -2404. Provided, however, That payment of the tax shall not be prerequisite ri 'O to any such appeal. SEC. 6 . The Commissioners are authorized to make and promulgate Rtio and re"u . such rules and regulations as they may deem necessary to carry out the intent and purposes of this Act. SEC. 7 . The following Acts or parts thereof are hereby repealed: Repeals. (a) Section 1 of "An Act exempting from taxes certain property in the District of Columbia and to amend the 'Act to provide for the creation of corporations in the District of Columbia by general law' ", approved June 17, 1870 (16 Stat. 153); (b) Section 8 of "An Act for the support of the Government of the District of Columbia for the fiscal year ending June thirtieth, eighteen hundred and seventy-six, and for other purposes", approved March 3, 1875 (18 Stat. 503); (c) Section 8 of "An Act for the support of the Government of the District of Columbia for the fiscal year ending June thirtieth, eighteen hundred and seventy-eight, and for other purposes", approved March 3, 1877 (19 Stat. 399); D.C.Code i 4- (d) Section 14 of "An Act providing permanent form of govern- ment for the District of Columbia", approved June 11, 1878 (20 Stat. D.C ode p. C . 108); 56 STAT.]
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