Tax Residential Real Estate Construction

Read need-to-know updates, commentary, and analysis on Tax issues written by leading professionals.
News & Analysis as of

Sort Through Affordable Housing Development Acronyms

Real estate developers looking to enter the affordable housing marketplace are familiar with the acronym “LIHTC” (low-income housing tax credit), but may be wondering how one works with a public housing agency (PHA) to obtain...more

Tax Extenders Signed into Law; Production Tax Credit Extended for Facilities Beginning Construction in 2014

Earlier today, President Obama signed the Tax Increase Prevention Act of 2014 (H.R. 5771) into law, following its passage through Congress on Tuesday. Among other things, the act will provide a one-year retroactive extension...more

Low-income housing tax credit workouts and bankruptcies: Understanding the basics

Note: This post is the first in a continuing series on the Credit Report Blog on the subject of workouts and bankruptcies involving low-income housing tax credit (LIHTC) projects....more

Land and Buildings Transaction Tax: Residential and non-residential property

The Land and Buildings Transaction Tax ("LBTT") will replace Stamp Duty Land Tax ("SDLT") in Scotland on 1 April 2015. LBTT is being introduced under the Land and Buildings Transaction (Scotland) Act 2013 ("the 2013 Act"),...more

2014 Maryland General Assembly Passes Bills Affecting Construction Industry

A number of bills were passed during the Maryland General Assembly’s 2014 legislative session that will impact certain sectors of the construction industry. Ober|Kaler has put together brief summaries of certain key...more

Establishing A Property’s Tax Valuation – Earlier is Better

Few developers think of spending precious time and resources on working with a municipality to determine the appropriate property tax valuation method and an estimated preliminary value of a real estate project during the...more

New Jersey Offers Financing Incentives for Real Estate Investments

On September 18, 2013, Governor Christie signed the New Jersey Economic Opportunity Act (the “Act”) into law. The Act is intended to spur job creation, promote redevelopment of underutilized urban and suburban areas, and...more

Property Valuation Topics: Fall 2013

In a rather prosaic case involving the measurement of damage to an automobile after an accident, the defendant who caused the accident sought to dismiss the plaintiff’s action because “her car [had] been fully repaired and...more

State & Local Tax Alert: Alabama Edition - September 25th, 2013

The Alabama Historical Commission has issued emergency regulations to implement the state’s new historic structures rehabilitation tax credit. Emergency Rules 460-x-23-.01ER through 460-x-23-.13ER took effect September 1,...more

Construction E-Note - July 11, 2013

In This Issue: - Ground Control, LLC v. Capsco Industries, Inc., et. al.: Opening the Door to Claims by Unlicensed Contractors in Mississippi - 2013 Alabama Sales and Use Tax Legislation - General Conditions Not...more

The Return of Rhode Island Historic Tax Credits

On July 3, the Rhode Island budget bill for the 2014 fiscal year was signed into law by Governor Chafee. A part of this bill relates to historic tax credits and revives a program initially established in 2008 that...more

IRS Releases Audit Memorandum on Another HTC Transaction

The Internal Revenue Service recently released Field Attorney Advice 20124002F, revealing another attempt on audit to invalidate an allocation of historic tax credits (HTCs) to an HTC equity investor. Although only just made...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

Developers take advantage of low income housing development tax credits, but recent Third Circuit decision stirs controversy

Developers of multi-family apartment complexes geared to low- to moderate-income tenants are increasingly taking advantage of federal low-income housing tax credits (LIHTC) and, where available, their state counterparts, to...more


As we begin 2012, Luce Forward's Real Estate Group would like to highlight a number of new developments in California law affecting residential and commercial developers, real estate professionals and others in the real...more

Benefits to first home buyers purchasing a newly constructed home

With a focus on boosting new housing construction, the NSW Government recently released its Budget for 2011-2012. From 1 January 2012, First Home Plus exemptions and concessions will be replaced by the First Home -...more

Proposal to Eliminate Redevelopement Agencies Creates Uncertainties for Some California Projects

Governor Brown’s initial budget proposal includes the elimination of redevelopment agencies so that current uncommitted agency funds and future property tax increment revenues may be diverted from redevelopment to other...more

Don't Lose Your Right to Challenge Your Tax Assessment

Many property owners lose their right to challenge their real property tax assessment by ignoring the annual request by their local Tax Assessor to complete an Income and Expense Statement. This request is authorized by...more

PA Tax Law News- July 2010

IN THIS ISSUE: PA Tax Amnesty Exceeds Target by $71 Million; PA Announces Amnesty Program for Unclaimed Property; Property Tax Update: Real Estate Appeal Deadlines Approaching; Letter Ruling Impacts Highway Construction...more

Give Credit Where Credit Is Due: Real Estate Development Is Good for What Ails Us

Like lawyers, car salesmen and politicians, real estate developers are favored scapegoats for society’s ills. But as the saying goes, absence makes the heart grow fonder. With the economy in its current state of malaise, now...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

Industrial Development Bonds in a Post-Stimulus Bill World

Both the American Recovery and Reinvestment Act of 2009 (ARRA) and the Housing and Economic Recovery Act of 2008 (HERA) contain provisions that together expand and make more appealing the use of Industrial Development Bonds...more

Spending the Stimulus: Federal Guidelines and Accountability

President Obama signed the American Recovery and Reinvestment Act (the "Stimulus Act") on February 17, 2009, providing $787 billion to create and maintain jobs and to spur economic growth. Of the total, tax relief accounts...more

Real Estate & Land Use Newsletter: Low Income Housing Tax Credits Found Not to Trigger Prevailing Wages

In a decision filed on April 23, 2008, the First Appellate Court of Appeal determined that Low Income Housing Tax Credits (LIHTCs) do not constitute public funds in the context of Labor Code Section 1720 and therefor do not...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

26 Results
View per page
Page: of 2

Follow Tax Updates on: