News & Analysis as of

Rental Property State Budgets

Cozen O'Connor

Pennsylvania Perspective for Monday, August 11, 2025

Cozen O'Connor on

PA House Advances Transit Funding Amid Budget Stalemate - The Pennsylvania House advanced a transit funding proposal as agencies across the state face potential service reductions. Although the bill reflects both Democratic...more

Lowndes

Governor DeSantis Aims to Eliminate Florida Commercial Rent Sales Tax by 2027

Lowndes on

As part of the proposed $115.6 billion state budget for fiscal year 2025-26, Governor DeSantis has outlined a plan to eliminate Florida's longstanding commercial rent sales tax. This proposal continues Florida's tax reduction...more

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 2 of 4)

Cole Schotz on

New York recently adopted the Affordable Neighborhoods for New Yorkers (ANNY) Tax Incentive and the Affordable Housing from Commercial Conversions (AHCC) Tax Incentive programs, as well as a host of other new and modified...more

Cole Schotz

Navigating the NYS 2024/2025 Executive Budget and Its Impact on NYC Multifamily Housing (Part 1 of 4)

Cole Schotz on

New York recently adopted the Affordable Neighborhoods for New Yorkers (ANNY) Tax Incentive and the Affordable Housing from Commercial Conversions (AHCC) Tax Incentive programs, as well as a host of other new and modified...more

Cozen O'Connor

New York Note – Asylum Seekers, State Budget, Rent Guidelines Board

Cozen O'Connor on

Mayor Adams Plan to Shelter Asylum Seekers Outside NYC Last Friday, Mayor Eric Adams announced a plan to provide asylum seekers and option to shelter in surrounding New York counties, outside of New York City. In response to...more

Cozen O'Connor

Broad Street Brief: City Council Expected to Pass Budget and Tax Changes This Afternoon

Cozen O'Connor on

City Council Expected to Pass Budget and Tax Changes This Afternoon Today is City Council’s last voting session before summer recess begins. The legislative body is expected to pass a budget that will invest additional money...more

Herbert Smith Freehills Kramer

Hotel and Office Conversions — an Update

Since January 2021, multiple proposals were introduced in the New York State legislature to permit underutilized hotel and/or office buildings, many of which have become financially distressed due to the COVID-19 pandemic, to...more

Schwabe, Williamson & Wyatt PC

Oregon Housing and Community Landlord Compensation Fund

In an emergency session, the Oregon Legislature created a $150 million Landlord Compensation Fund (the “Fund”) (House Bill 4401). The goal of the Fund is to compensate residential landlords for up to 80% of past-due rent for...more

Herbert Smith Freehills Kramer

New 421-a Legislation

The recently adopted state budget bill included the long-awaited revisions to the 421-a program. These amendments to the Real Property Law, dubbed the “Affordable New York Housing Program,” provide partial exemptions from...more

Downs Rachlin Martin PLLC

DRM Legislative Update - February 2015

In This Issue: - Determination First, Details to Follow - Committee Approves State False Claims Act - Rent-to-Own Legislation Substantially Modified - Senate Judiciary Considers Limit on Building...more

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