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On February 14, 2024, NYSDEC (the Department) issued a Notice of Proposed Rulemaking for amendments to its regulations at 6 NYCRR Part 375 (Part 375), which govern New York State remedial programs, ...

Imagine that you own one home in Cuyahoga County, Ohio, and another in Sarasota County, Florida.

As discussed in Part 1 of this blog, Measure ULA imposes an additional tax on transfers of real property within the City of Los Angeles of 4% of the consideration or value if the same exceeds $5,150,000 but is less than $10.3 million, or 5.5% if the consideration or value is $10.3 million or greater.

Owners of 421-a tax exempt buildings and developments should practice extreme caution when considering responding to the recent notices sent by the City of New York Department of Housing Preservation and Development...

The White House and Republican congressional leadership released an outline this week to guide forthcoming legislation on federal tax reform.

On December 22, 2017, President Trump signed into law the "Tax Cuts and Jobs Act" (the Act). The Act contains a significant benefit to high net worth individuals in the form of a temporary increase in the federal transfer ...

On May 9, 2014, the US Internal Revenue Service (the "Service") issued proposed regulations (the "Proposed Regulations") that clarify the definition of real property for purposes of the real estate investment trust ("REIT") provisions under Section 856.

In the much-anticipated early adjournment, the Indiana General Assembly concluded its business for the 2022 legislative session after midnight on March 9.

The Global Hospitality Group of Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce the completion of $172 million in C-PACE (Commercial Property Assessed Clean Energy) financing...

Conservation easements may be a great example of "doing well by doing good." They help conserve fish and wildlife, clean water, natural habitats, historic properties, farmland, and timberland.

In response to a ruling request from Holland & Knight, the New York City Department of Finance (DOF) issued a ruling (FLP-22-5024) holding that a homeless shelter...

The leasehold condominium structure has become a popular way for landlords and nonprofit entities to establish or modify their relationship to permit space that the...

The Southern California wildfires have left many residents facing devastating losses, including damage or destruction to their homes.

Last week, the California Court of Appeal (Second Appellate District) in Western States Petroleum Association v. State Board of Equalization ("Western States") invalidated a property tax regulation adopted by the State Board of Equalization ("SBE").

Isn’t it common sense that in order to be a "resident" of a State one must actually reside in the State? Not so for the State of New York’s taxing authority.

As part of its comprehensive 2017 tax reform bill, Congress repealed deductions for Qualified Transportation Fringes including for employer-provided parking, while also requiring that tax-exempt organizations ...

Recent enactments of both the U.S. Congress and Mississippi Legislature have modified tax laws to encourage development and new investment.