News & Analysis as of

State and Local Government New Legislation Tax Incentives

Kohrman Jackson & Krantz LLP

Ohio’s Energy Sector Gets Strategic: Matching Energy Supply with a New High-Tech Demand

Ohio has long enjoyed a competitive edge in the cost of commercial electricity. It’s deregulated market and plentiful coal and gas-fired generation keep commercial power rates near 11.25 ¢/kWh—below the national business...more

Keating Muething & Klekamp PLL

Ohio Revised Code § 5709.56

In 1972, the average home price in the United States was approximately $30,000. Fifty years later, that number broke $500,000, an increase that is, no doubt, aggravated by a 4.5 million-unit deficit in supply. State and local...more

Bricker Graydon LLP

Ohio Passes Expansive Law to Promote Energy Generation in Response to Concerns about Grid Reliability

Bricker Graydon LLP on

Rising electricity demand from data centers, industrial reshoring, and electrification have sparked national concern about grid reliability. With forecasts pointing to even greater energy needs, some stakeholders warn that...more

Frost Brown Todd

Large Kentucky Multifamily Housing Projects Are Now IRB-Eligible

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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

Sheppard Mullin Richter & Hampton LLP

Alright, Alright, A Write-Off: Matthew Mcconaughey’s Push for Texas Film Tax Incentives

Texas has long been a hub for film and television production, offering diverse landscapes, a rich cultural backdrop, and some real characters. Back in 2007 the state implemented the Texas Moving Image Industry Incentive...more

Lerch, Early & Brewer

Montgomery County’s Bold New Steps for More Affordable Housing

Lerch, Early & Brewer on

Montgomery County is taking decisive action to expand affordable housing options and support the County’s residents with the More Housing N.O.W. (New Options for Worker) legislation package....more

Greenbaum, Rowe, Smith & Davis LLP

A Review of the New Jersey Legislature’s Latest Amendments to the New Jersey Aspire Program

On December 19, 2024, the New Jersey legislature passed legislation amending multiple sections of statute governing the New Jersey Aspire Program, most importantly as it relates to the state purchase of unused tax credits....more

Butler Snow LLP

2023 Texas Legislative Updates to Public Facility Corporations Owning Multifamily Developments

Butler Snow LLP on

During the 88th Regular Session, the Texas Legislature passed HB 2071 to address the perceived misuse of property tax incentives used by Public Facility Corporations (PFCs). The legislation significantly updated Texas Local...more

Shutts & Bowen LLP

Florida's Live Local Act

Shutts & Bowen LLP on

The Live Local Act (SB 102) (the “Act”) amends multiple provisions of the Florida Statutes with the overarching purpose of spurring additional development of affordable housing in the State. Importantly, for qualifying...more

Bilzin Sumberg

New Florida Law to Turbocharge Affordable Housing Development

Bilzin Sumberg on

Governor Ron DeSantis signed into law Senate Bill 102 (“Live Local Act” or the “Act”) on March 28, 2023. The majority of the Live Local Act will go into effect on July 1, 2023, with certain provisions pertaining to tax...more

Bricker Graydon LLP

Opportunity Zones

Bricker Graydon LLP on

The recent federal tax reform bill included provisions creating a new program through which a taxpayer can defer income tax on capital gains. The Opportunity Zone program allows a taxpayer to reinvest proceeds from the sale...more

Mayer Brown

Gain Deferral Using Qualified Opportunity Zone Investment Strategies

Mayer Brown on

We have published our whitepaper: Gain Deferral Using Qualified Opportunity Zone Investment Strategies Legal Update. “Qualified Opportunity Zones” are not specific to renewable energy and do not involve tax credits but...more

Pullman & Comley, LLC

Connecticut 2018 Environmental Legislative Update - End of Session Wrap-Up Report

Pullman & Comley, LLC on

Passed Bills: Significant 2018 Environmental Public Acts - PA 18-82: Climate Change and Resiliency - This act on climate change planning and resiliency contains four principal elements: adoption of a Connecticut-defined...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Preserving Texas History and the New Texas Premium Tax Credit

Texas insurers may now be able to buy premium tax credits at a discount. In 2013, the 83rd Legislature established the Texas Historic Preservation Tax Credit Program, which allowed for companies engaged in restoration of...more

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