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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

CALIFORNIA REAL ESTATE LAW: 2012: The Year Ahead...

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

China Real Estate Update, February 2007

China Real Estate Update, February 2007

After 171: An Update on New Real Estate Regulations and Policies Since Issuance of Opinion 171 In an Update circulated last July (New Policies Affecting Foreign Investment in Chinese Real Estate, July 2006), we reported...more