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FBA Announces Coalition To Lobby Florida Legislature To Reduce VCTC Program Backlog

The Florida Brownfields Association (“FBA”) announced the formation of a coalition to encourage the Florida Legislature to clear out the backlog of existing Voluntary Cleanup Tax Credits. If FBA and its partners are...more

IRS Guidance for Historic Tax Credit Transactions: Partnership Flips and Inverted Leases

The IRS released Revenue Procedure 2014-12 on December 30. It is available below. It addresses the structuring of historic tax credit transactions (i.e., transactions involving rehabilitation tax credits provided for in...more

PA Tax Law News: December 2013 -- Assessment Of Environmentally Contaminated Real Estate

The Pennsylvania Commonwealth Court’s recent decision in Harley-Davidson Motor Company v. York County Board of Assessment Appeals (Pa. Cmwlth. Ct. decided on October 30, 2013), demonstrates the importance of establishing a...more

Economically Depressed Contaminated Properties Are Prime Candidates for Significant Real Property Tax Relief

While New Jersey is known as the Garden State, it is also regrettably fertile ground for contaminated properties as a result of its long history of industrial development. With over 20,000 contaminated sites, New Jersey is...more

Real Estate Legal News - October 2013 • Volume 4, Number 1

In This Issue: - KEEP IT CLEAN: EPA ENDORSES NEW ASTM STANDARD FOR CONDUCTING ESAS: The United States Environmental Protection Agency (EPA) recently proposed a rule to recognize the updated standard of the...more

Passing the Buck: The Impact of Maryland's New Stormwater Fees on Commercial Leases

During its 2012 legislative session, the Maryland General Assembly passed HB 987, a bill which required that the ten separate EPA-licensed storm sewer system (“MS4”) jurisdictions in Maryland (Baltimore City and nine...more

Illinois Supreme Court to Debate Appeals from a Pollution Control Facility Certification Order

Tomorrow morning in Chicago, the Illinois Supreme Court will hear oral argument in The Board of Education of Roxana Community Unit School District No. 1 v. The Pollution Control Board, which presents an important question of...more

California Supreme Court Update: Air Quality Emissions Reduction Credits May Be Considered in Assessing Unit Value of Power Plant,...

A power plant operator was required to purchase emission reduction credits (“ERCs”) to comply with the permitting process to build a power plant. Over the course of several years, the State Board of Equalization (“Board”)...more

New York Supports Solar with Expanded Net Metering & Sales Tax Exemptions

In July, the New York Public Service Commission increased the solar net metering limits for businesses and residences....more

Florida's Brownfields Program Shows Record Participation, Provides Key Incentives for Cleanup & Redevelopment

The Florida Department of Environmental Protection (FDEP) released its annual Brownfield report this month, reporting record levels of participation in Florida's Brownfield program. Brownfields are sites with actual or...more

Spotlight On Belgium: Trends in the Legal Landscape - Issue 2, 2013

We are delighted to present you the second edition of Spotlight on Belgium, DLA Piper Belgium’s quarterly newsletter which aims to inform you about current legal developments that could affect your business. As the...more

Overriding Interest - Spring 2013

In this issue: - The Green Deal - Impact on Commercial Real Estate - High Value Residential Property Tax - Announcements and Events - Transaction Profile - Focus on Henderson Global Investors...more

Earth Matters - April 2013: Making Solar Power More Affordable for New Yorkers

New York State continues to be a national leader in renewable energy initiatives, particularly in encouraging practical, everyday applications of solar power. Recently, Governor Andrew Cuomo, as part of his ongoing “NY-Sun”...more

“Fiscal Cliff” Bill Reinstates and Extends Business and Personal Tax Credits for Energy Efficient Residential Properties

On January 1, 2013, the U.S. Congress passed last minute legislation known as the American Taxpayer Relief Act of 2012 to avoid automatic increases in income taxes for millions of Americans, as well as draconian cuts to the...more

IRS Revokes Ruling Finding Facility-Specific Power Purchase Agreements Are Part of the Facility

The Internal Revenue Service (IRS) recently revoked Private Letter Ruling (PLR) 201214007, which found that facility-specific power purchase agreements (PPAs) are considered part of the underlying wind energy facilities and,...more

Georgia Department of Revenue Proposes Conservation Tax Credit Rule Changes

The Georgia Department of Revenue Income is proposing a change to the Tax Division Rule on conservation tax credits. Interested parties seeking to comment on the proposed Rule should review the notice for further guidance....more

Depreciation Methodology For Wind Turbines Challenged

In late 2012 the Michigan State Tax Commission changed the rate at which wind turbine assets would be depreciated for property tax assessment purposes. Now five counties (Huron, Sanilac, Gratiot, Mason, Tuscola) are working...more

Incentives for Real Estate Developers (Presentation)

In This Presenation: - Brownfields Voluntary Cleanup Incentives - GENERAL The General Assembly has provided two tax incentives to promote cleanup of brownfield sites: an income tax credit as well as a property...more

New Jersey Property Tax Refunds May Be Held To Cover Environmental Remediation

In July of this year, the New Jersey Legislature modified the law addressing tax refunds by requiring a New Jersey property tax refund for certain industrial sites to be deposited with the New Jersey Department of...more

New Jersey affirms commitment to developing renewable energy resources with new legislation

On July 23, 2012, New Jersey Gov. Chris Christie signed into law a bill that is intended to both stabilize and reinvigorate the state's green energy market and support development for renewable sources of energy. In addition,...more

UK Land Remediation Relief - Spared the Axe

Following consultation, the UK Government has decided not to abolish land remediation relief (LRR) after all. This comes after a strong reaction from developers, who argued that it would render many brownfield...more

CERLA - Pollution (Environmental Contamination) and its Effect on Your New York Property Taxes - by Richard Fromewick

ENVIRONMENTAL CONTAMINATION - POLLUTION & ITS EFFECT ON YOUR PROPERTY TAXES June 7, 2011 Publication Source: The Hunt Quarterly Review Written By: Richard G. Fromewick, Tax Certiorari & Condemnation Law Practice Chair....more

Ukrainian Oil and Gas Sector in 2011

2011 has served as a transition period for the Ukrainian oil and gas industry even if there are no particular accomplishments or dramatic changes to speak of. This transition period should pave the way for important and...more

Environmental Impacts in Real Estate Valuation Litigation

This article from the New Jersey Law Journal summarizes the procedures utilized in valuing properties with environmental conditions in eminent domain and real estate tax appeal matters in New Jersey...more

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