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Florida is one of a few states in the nation that allows for a property tax break for taxpayers who have a Florida home as their primary residence (otherwise known as a "homestead exemption").

First Day. This year's General Assembly began on Monday, January 12, 2026. The State Constitution dictates that session be held annually starting on the second Monday of January and the Iowa Code...

The 2017 Tax Cuts and Jobs Act created new tax incentives for investing in the U.S. Among these is an opportunity to defer capital gains tax by reinvesting such gains in qualified opportunity funds

As noted in prior Real Estate Opinion Updates, an out-of-state lender may be subject to Wisconsin income tax.

By now, all 67 Property Appraisers in Florida have finalized the 2017 valuations for property taxes. Truth in Millage (TRIM) notices have been sent to all property owners, so these notices have either been received or will be waiting in your mailbox soon (the valuations can also be found online).

On Feb. 21, 2025, California State Sen. Menjivar introduced Senate Bill 789 (SB-789), proposing a vacancy tax aimed at commercial real property (property) to address prolonged vacancies, incentivize property activation...

California Democratic lawmakers recently introduced Assembly Constitutional Amendment 11 (ACA 11) which proposes to abolish the State Board of Equalization...

The Alabama Reinvestment and Abatements Act, HB59, Act No. 2015-24 (the "Act"), makes several changes to Alabama abatement law and expands the list of industries and types of projects that are eligible for those abatements.

Taxpayer signs a purchase and sale agreement to sell real estate to an unrelated buyer for $2,500,000.

The Town of Huntington is reportedly considering a policy that would require developers receiving Payment in Lieu of Taxes (“PILOT”) benefits to make additional contributions intended to offset perceived impacts...

The IRS recently concluded that certain commercial property assessed clean energy assets are "obligations . . . secured by an interest in real property" under Code Section 860G(a)(3) in a private letter ruling

The IRS has issued proposed regulations (REG-139991-08) that deal with various rules for transfers of property to RICs and REITs.

On April 16, 2024, the IRS published Rev. Proc. 2024-21, which sets out the new (2024) average area purchase prices for mortgage revenue bonds and mortgage credit certificates...

In a private letter ruling (PLR 201341015), the IRS ruled that parking revenue received by a real estate investment trust (REIT) from certain parking facilities under parking management agreements with various taxable REIT subsidiaries qualified as rents from real property for purposes of Section 856(d).

In addition, the DOD Siting Clearinghouse has an early informal consultation process that can alert project developers to military concerns prior to filing for official FAA feedback.

The Kentucky Court of Appeals upheld an assessment of $5,086,000 for tax years 2012 and 2013 on property serving as the location for a Walgreens retail store.

Over the last month, all 67 Property Appraisers in Florida have finalized their 2018 valuations for property taxes.