News & Analysis as of

Rent Property Tax

BakerHostetler

Texas Legislative Update: HB 21 Changes Property Tax Exemption For Housing Finance Corporations

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On May 28, Gov. Greg Abbott signed House Bill 21 (HB 21), which becomes effective immediately. A brief summary of HB 21 can be found below. This summary reflects our current interpretation of HB 21. A more detailed analysis...more

Butler Snow LLP

Major Reforms to Chapter 394: HB 21 Brings Sweeping Changes to Housing Finance Corporations in Texas

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During the 89th Texas Legislative Session, Representative Gary Gates authored and passed House Bill 21, a comprehensive reform of Chapter 394 of the Texas Local Government Code. This legislation, which became effective on May...more

Stikeman Elliott LLP

Toronto City Council Approves Incentive Plan for Private Developers of Rental Units

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On November 13, 2024, Toronto City Council voted 23-1 in favour of creating a “Purpose-built Rental Homes Incentives Stream” under the City’s Rental Supply Housing Program. The plan will support the building of 20,000 new...more

Bowditch & Dewey

Massachusetts Increases Senior Circuit Breaker Tax Credit

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The Massachusetts Department of Revenue recently announced the annual increase to the popular Massachusetts “circuit breaker credit” for certain persons who are 65 years of age or older. The circuit breaker tax credit is...more

K&L Gates LLP

New Illinois Laws for 2024 Affecting Real Estate

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Illinois has passed a number of laws effective 1 January 2024 that impact commercial real estate and development. These new laws range from new requirements for residential landlords, first of its kind electric vehicle...more

Ballard Spahr LLP

New Inclusionary Housing Mandates for Baltimore City

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Summary - The Baltimore City Council has passed a new inclusionary housing law which will require most new multifamily, market-rate projects to make at least 10% of their units available to households with limited incomes,...more

Allen Matkins

Sustainable Development and Land Use Update - 2.16.23 #2

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A consortium of San Francisco landlords and property owners filed a lawsuit last week challenging the city’s new tax on vacant residences as unconstitutional and a violation of state law. Proposition M, “The Empty Homes Tax,”...more

McDermott Will & Emery

Real Estate Update Q1/2023: Neuerungen im Immobilienwirtschaftsrecht

McDermott Will & Emery on

Das neue Jahr 2023 bringt einige wichtige Gesetzesänderungen für die Immobilienbranche mit sich, die Ihre Aufmerksamkeit verlangen. In unserem Real Estate Update werfen wir einen Blick auf ausgewählte Gesetzesänderungen, die...more

Barnea Jaffa Lande & Co.

Year in Review – Trends in Real Estate Law in Israel

At the beginning of 2022, everyone had great expectations about the Israeli real estate market. Would the record-breaking price increases in 2021 persist, or would the real estate market cool down a bit?...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Round-Up (07/13/22)

The Biden administration will use infrastructure funds to upgrade 85 airports across the U.S., The Affordable New York tax provision expires, homebuyers in China refuse to pay mortgages, and more....more

Cozen O'Connor

Broad Street Brief: Philadelphia’s State Legislative Races Were Contentious But Had Few Surprises

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CITY HALL- Philadelphia’s State Legislative Races Were Contentious But Had Few Surprises- Despite infighting between progressive and establishment Democrats, incumbents were largely victorious in Tuesday’s Democratic...more

Bricker Graydon LLP

Important Ohio Supreme Court decision clarifies proper method to value “big box stores”

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The Ohio Supreme Court issued an important decision today clarifying the proper method under Ohio law to value big box stores - in this case, a Lowe’s store. The Ohio Supreme Court rejected the property owner’s argument...more

Hogan Lovells

Key provisions of The Polish Law on Special Measures for COVID-19 and Crisis Prevention from the real estate perspective

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On 28 March 2020, the lower chamber of the Polish Parliament (Sejm) enacted an amendment to the Law on Special Measures for COVID-19 and Crisis Prevention (hereinafter referred to as the Amendment). With reference to the real...more

BCLP

The housing market in a changing political landscape

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The residential market has attracted a huge amount of attention and pledges of reform from all sides of the house. There has been a constant stream of consultation on both long leaseholds and short term lets. ...more

Holland & Knight LLP

Section 421-a and New York City's New Rent Law

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A number of questions have arisen concerning the impact of the recently adopted Housing Stability and Tenant Protection Act of 2019 (HSTPA) on the Section 421-a Tax Exemption Program. HSTPA (Chapter 36 of the Laws of 2019)...more

Dentons

2019 Iowa Legislation Affecting Iowa Landlords

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The 2019 Iowa legislative session came to a close on April 27, 2019, resulting in a handful of new laws directly affecting Iowa residential landlords. Below is a summary of those new laws, along with commentary on a few...more

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