News & Analysis as of

Real Estate Development State and Local Government Tax Exemptions

Cozen O'Connor

Broad Street Brief: City Supports Small Businesses as Tax Break Ends

Cozen O'Connor on

City Offers Support for Small Businesses as Tax Exemption is Phased Out -Philadelphia is supporting small businesses through flexible payment plans, free tax assistance, and access to grants as it phases out a longstanding...more

Polsinelli

Texas HB 21 Reshapes the Requirements and Effects of Chapter 394 of the Texas Local Government Code

Polsinelli on

Texas House Bill 21 (HB 21), signed into law in May, has dramatically shifted affordable housing tax exemptions across the state. Specifically, HB 21’s primary impact is on a housing finance corporation’s area of operation...more

Frost Brown Todd

Large Kentucky Multifamily Housing Projects Are Now IRB-Eligible

Frost Brown Todd on

Kentucky local governments now have an additional tool to help address their housing shortages thanks to legislation enacted during the 2025 Kentucky General Assembly. A provision of Senate Bill (SB) 25 authorizes local...more

Butler Snow LLP

Texas Legislative Update: Proposed Reforms to Chapters 303, 392 and 394

Butler Snow LLP on

As the March 14, 2025, bill filing deadline approaches in the Texas Legislature, several legislative initiatives have been introduced to reform Chapter 392 and Chapter 394 of the Texas Local Government Code, which govern...more

BakerHostetler

Proposed TDHCA Rule to Require Local Approval for Property Tax Exemptions on Certain Properties

BakerHostetler on

At its Dec. 12, 2024 board meeting, the TDHCA included on its board agenda a proposed change to Section 10.406 of the Texas Administrative Code (Section 10.406). Under the proposed change, prior to an ownership transfer of a...more

Coblentz Patch Duffy & Bass

March 2024 Election: San Francisco Measures and a State Proposition to Watch

Voters in San Francisco and California will again confront a formidable ballot during the election on March 5, 2024, with an array of qualified City measures and one state proposition to consider....more

Coblentz Patch Duffy & Bass

Senator Wiener Proposes Targeted CEQA Exemption for Downtown S.F. Projects

Recognizing that Downtown San Francisco is “struggling” post-pandemic, State Senator Scott Wiener has announced new legislation to exempt certain projects in the area from California Environmental Quality Act (CEQA) review...more

Holland & Knight LLP

Florida's New Live Local Act Offers Land Use and Tax Benefits

Holland & Knight LLP on

Florida Gov. Ron DeSantis signed into law Senate Bill 102 on March 28, 2023, with an effective date of July 1, 2023. Commonly referred to as the Live Local Act (the Act), it has significant land use, zoning and tax benefits...more

Sullivan & Worcester

Zoning and Development Newsletter - March 2023

Sullivan & Worcester on

Sullivan is pleased to release the first issue of its Zoning and Development Newsletter, a collaboration between members of our Permitting & Land Use Practice Group and the Litigation Department, in order to provide our...more

Best Best & Krieger LLP

PublicCEO: BB&K Municipal Law Team Discusses New Public Agency Laws - Part 2

Land Use, Telecommunications, Environmental and More - As noted in Part I of this two-part series, California lawmakers passed a number of new laws last year that greatly impact how public agencies serve their...more

Akin Gump Strauss Hauer & Feld LLP

Opportunity Zones: New Guidance Sheds Light on How Private Equity Industry Can Take Advantage

• Proposed regulations issued on October 19 provide welcome guidance to asset managers regarding the formation of qualified opportunity funds (QOFs) that may provide investors with the following three tax benefits: (1)...more

Ballard Spahr LLP

New Jersey P3 Legislation Expands Opportunities for Major Infrastructure Projects, Including Roads

Ballard Spahr LLP on

New Jersey has enacted legislation that greatly expands the pool of public agencies authorized to enter into public-private partnerships (P3s) for capital projects in the state, in order to address growing infrastructure...more

BakerHostetler

‘Affordable New York': The Revival of New York's 421-a Tax Exemption Program

BakerHostetler on

The expired tax incentive program known as “421-a” has been re-established under new legislation with the recent passage of New York state’s 2018 budget plan. The tax incentive program partially exempts new residential...more

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