News & Analysis as of August 21, 2025

Tax Exemptions

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Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction. However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities. less -

Florida Gov. Ron DeSantis Signs 2025 Tax Bill into Law

Holland & Knight LLP on 7/15/2025

Florida Gov. Ron DeSantis recently signed House Bill 7031 into law, enacting sweeping changes to Florida's tax statutes that include updates to the sales tax on commercial leases, sales tax relief, certain corporate income...more

Texas Tax Update: Key Changes Enacted During the 89th Legislature

Bracewell LLP on 7/10/2025

The final day has passed for Governor Abbott to veto legislation that was approved during Texas’ 89th Legislature Regular Session. While the governor has called a special session commencing July 21, he has not identified any...more

Wisconsin Repeals Tax on Telecommunications Towers

Husch Blackwell LLP on 7/9/2025

On July 3, 2025, Wisconsin Governor Tony Evers signed 2025 Wisconsin Act 15 into law, marking a significant milestone for the telecommunications industry in the state. This new legislation specifically exempts radio,...more

Select Connecticut Property Tax Bills Advance

Pullman & Comley - For What It May Be Worth on 4/29/2025

With the Connecticut General Assembly in the home stretch of the 2025 legislative session, the following noteworthy property tax bills have been voted out of committee for consideration and possible action by both chambers of...more

Connecticut Property Tax Bills to Get Public Hearings

Pullman & Comley - For What It May Be Worth on 2/25/2025

Two of the Connecticut General Assembly's most influential committees are holding public hearings this week on the following property tax bills of note...more

January 2025: Legislative amendments to real estate taxation in Israel

Barnea Jaffa Lande & Co. on 2/5/2025

The new year is already heralding significant tax innovations in Israel in general, and in real estate taxation in particular. Following are highlights of the legislative amendments that were approved by January 2025....more

Los Angeles Office of Finance Clarifies Exemptions from “Mansion Tax”

Nossaman LLP on 6/13/2023

The Los Angeles Office of Finance (Office of Finance) has released a new FAQ confirming that real property transfers that are exempt from the current City documentary transfer tax (to which the FAQ refers as the “Base Tax”)...more

New Remedial Bill Concerning Connecticut Property Tax Exemption for Manufacturers in Certain Municipalities

Pullman & Comley - For What It May Be Worth on 3/3/2023

Connecticut has adopted a variety of property tax exemptions for certain specified uses of real and personal property, including property used in manufacturing. The prerequisite filing obligations and deadlines associated...more

New Approach to Taxation of Solar Facilities Proposed in Connecticut

Pullman & Comley - For What It May Be Worth on 3/2/2023

The inconsistent property tax treatment of solar photovoltaic (PV) systems by Connecticut municipalities has created impediments to their development. These impediments run counter to the State’s policies seeking to promote...more

Connecticut General Assembly Exempts Certain Electric Vehicle Charging Stations from Property Taxes & Mandates Their Installation...

Pullman & Comley - For What It May Be Worth on 6/23/2022

While many of us have been fixated on the soaring gas prices and dreading our next fill-up at the pump, Connecticut recently passed new legislation making a switch to electric vehicles even more intriguing. During the...more