Residential Real Estate Tax Environmental

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NY Property Tax Exemption Extension for Renewable Systems

The New York legislature has passed a bill that extends a real property tax exemption for wind, solar and certain other energy systems until January 1, 2025. The bill provides that real property which includes an eligible...more

SB 871 Bumps Back Repeal of Solar Energy Exclusion by Eight Years

Solar Energy Systems Will Continue to Be Excluded from Full Cash Value of Real Property - A new law extending the exclusion of solar energy systems from affecting the full cash value of real property for taxation...more

IRS Opens the Door to Expanded Use of Residential Section 25D Credit in Offsite Solar and Other Renewables Projects

The IRS has released new guidance (Notice 2013-70) (the “Guidance”) in the form of a Q-and-A interpreting tax credits available to individual taxpayers under IRC Section 25D (Residential Energy Efficient Property) (the “25D...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

Spotlight on Louisiana: Louisiana Legislature Reduces its Tax Credit for Wind and Solar Energy Systems

With the passage of Act No. 428 in the 2013 Regular Session (Act 428), the Louisiana Legislature made significant changes to the wind and solar energy systems income tax credits allowed by Louisiana Revised Statutes 47:6030...more

Do Wind Turbines Hurt Property Values?

As I last discussed in June, during the past few years, proximate property owners have increasingly raised complaints about the siting and operation of wind turbines in Massachusetts. This phenomenon is hardly unique to...more

Baltimore County Real Property Owners – Now Is the Time to Assess Your Appeal Options

In March of this year, the Baltimore County Council, as mandated by state law, enacted a bill allowing the County to collect a Stormwater Remediation Fee from all real property owners in Baltimore County....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

"SEC Filing Illustrates Recent REIT Trend: Holding and Financing Renewable Energy Assets"

Sponsors and investors have been paying much attention to the potential use of real estate investment trust (REIT) structures to hold and finance renewable energy assets in a tax-efficient way. A recent SEC filing by Hannon...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

Fiscal Cliff Bill Extends Home Energy Efficiency Tax Credits for Businesses and Homeowners

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

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

Superstorm Sandy Damage Means Substantial Real Property Tax Relief May Now be in Order:

Many of our local residents and businesses have no doubt suffered substantial business and property losses as a result of the recent devastating storm. While the filing of claims with insurance companies and perhaps even...more

New York State Extends and Expands Solar Energy System Tax Incentives

Governor Andrew Cuomo, as part of his ongoing “NY-Sun” program intended to accelerate customer-sited solar electricity capacity in New York State, recently signed into law three bills which further this initiative....more

MoFo New York Tax Insights - Volume 3, Issue 7 - July 2012

In This Issue: Gain on Sale of New York Property Allocated Entirely to New York; Failure to Establish Value of Assets in a Bulk Sale Leads to Liability for Entire Sales Tax Deficiency; Entitlement to QEZE Credits...more

Governor Signs into Law Three Bills Affecting Oil and Gas Drilling, Real Estate Taxation

On July 7th, Governor Corbett signed into law House Bills 143, 144, and 562. House Bill 143 amends the Pennsylvania Farmland and Forest Land Assessment Act of 1974 to permit property owners under preferential assessments to...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

Green Building Update - December 8, 2009

IN THIS ISSUE: *Urgent – write Congress for green tax incentives, not the largest real estate tax increase in 23 years *Green Building Focus ..Top 10 green building products of 2009 ..Nine new green laws pass in...more

U.S. Treasury Department Issues Guidance for Cash Grants in Lieu of Energy Tax Credits

On July 9, 2009, the U.S. Treasury Department issued guidance for the award of cash grants by the federal government (”Grants”) in lieu of energy tax credits under Section 1603 of the American Recovery and Reinvestment Act of...more

IRS Issues Guidance on Electing Investment Tax Credit in Lieu of Production Tax Credit for Specified Renewable Energy Property

On June 5, 2009, the Internal Revenue Service ("IRS") issued Notice 2009-52 (the "Notice") providing guidance on the process for electing an investment tax credit ("ITC") rather than a production tax credit ("PTC") for...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

Green Building Update

IN THIS ISSUE: *Schwarzenegger announces largest rooftop solar installation project ever proposed by a U.S. utility *GREEN BUILDING FOCUS ..By the Numbers - U.S. Green Building Council Fact Sheet *Clean energy...more

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