On May 30, 2025, the Third Department confirmed an automatic stay of the Albany Court Supreme Court’s decision in Airey v State, making it clear assessors are required to utilize the state-wide uniform assessment model for...more
Developers and assessors of renewable projects can now count on a discounted cash flow approach to assess solar and wind projects for real property tax purposes.
When the assessment model was included in the state’s...more
As New York approaches the start of designating petition season, the Department of State has issued new rules notaries must follow when notarizing documents, including designating petitions. As a result, if one passes...more
Nonprofit hospitals, nursing homes and other care providers are now prohibited from placing liens on patient homes or garnishing patient wages to collect medical debts in New York.
Gov. Kathy Hochul signed the law...more
On October 19, the IRS and Treasury Department issued long-awaited proposed regulations, Revenue Ruling 2018-29 (the “Revenue Ruling”), and draft forms regarding the Opportunity Zone program to encourage private investment in...more
10/25/2018
/ Capital Gains ,
Community Development ,
Internal Revenue Code (IRC) ,
Investment Funds ,
IRS ,
Low Income Housing ,
Opportunity Zones ,
Proposed Regulation ,
Qualified Opportunity Funds ,
Real Estate Development ,
Real Estate Investments ,
Tax Cuts and Jobs Act ,
Tax Deferral ,
U.S. Treasury