South Carolina Abandoned Building Incentives at Risk of Going Away
Meritas Capability Webinar - Restructuring Insolvent Airlines in the Americas: A Look at LATAM and Developments with AeroMexico and Avianca
S.C. Department of Revenue (“SCDOR”) Information Letter #24-6 addresses recent amendments to the South Carolina Abandoned Buildings Revitalization Act (the “Act”). The Act was enacted in 2013 to incentivize the...more
On May 20, 2024, South Carolina Governor Henry McMaster signed into law S.1021, a new law that extends and increases tax credits available to taxpayers who rehabilitate or renovate an existing, abandoned building. The new law...more
The commercial real estate market in the United States is undergoing a profound shift as building vacancy increases in most major markets and as trillions of dollars of financing are coming due in 2024....more
It has been the long-standing rule of the Liquor Authority that there cannot be two liquor licenses issued to two different licensees for the same physical space (the Licensed Premises). That is the reason why the Authority...more
The United States Senate Environment & Public Works Committee (“Committee”) has moved to the full Senate legislation titled: Good Samaritan Remediation of Abandoned Hardrock Mines Act of 2024 (“Mines Act”)...more
In November 2023, almost 11,000 cryptocurrencies and digital tokens were listed on CoinMarketCaps.com. In addition, tens of thousands of non-fungible tokens (NFTs) are sold daily on various crypto exchanges and NFT platforms....more
BALTIMORE — New UpSurge CEO Bets on Baltimore, Tech Tech- entrepreneur Kory Bailey — who was recently named CEO of UpSurge, a nonprofit, professional ecosystem-building organization — spoke about his efforts to build a...more
Property rights and the protection of personal belongings are essential aspects of any society governed by the rule of law. In the UAE, specific laws and regulations are in place to safeguard property....more
San Diego’s Planning Commission unanimously voted last Thursday against a key part of Mayor Todd Gloria’s housing plan that would have eliminated single-family zoning in much of the city. The commission voted to recommend the...more
When taxpayers sell digital assets at a loss, their tax loss is quite straightforward. Their loss equals the amount that their tax basis exceeds the amount they received for the sale. This is not the only way for a taxpayer...more
On June 13, 2023, the House of Representatives passed HB 255 (124-79), a groundbreaking bill introduced by Rep. Robert E. Merski (D-Erie Co). This bill aims to fund local municipal code enforcement efforts and establish a...more
As widely expected by land banking advocates, the U.S. Supreme Court handed down an opinion steeped in the language of “home equity theft” to find a taking under the federal Constitution in a Minnesota case that screamed for...more
The see-sawing of emotions among advocates for county land banking activities in Ohio continued this week, with hopes again rising upon a favorable decision by the Supreme Court of Ohio. On April 4, 2023, the Court...more
From time to time, we have written regarding pet custody, though there is very little case law on the issue. Historically, pets were treated as chattel (property) and courts did not enter custody and visitation orders for...more
The U. S. Supreme Court has redirected escheatment of certain unclaimed funds from states that were previously presumed properly to claim the funds. In this decision, instead of escheating all of the unclaimed funds arising...more
All nine Supreme Court Justices sided with a group of 30 states in a dispute with Delaware over hundreds of millions of dollars of unclaimed checks issued by MoneyGram, a money transfer company. The Court held that the...more
You knew the wheels were falling off the (medieval) cart when the federal 6th Circuit Court of Appeals rattled off English legal theory from the year 1470, right? Advocates for county land banking activities in...more
Our Unclaimed Property Team parses the oral argument in the MoneyGram case before the U.S. Supreme Court and how it may determine which states can escheat “official checks,” whatever the Court interprets those to be. ...more
Many states have laws that provide “super liens” to facilities that tow, repair, and store vehicles. Georgia’s current abandoned motor vehicle statute is an example of how these statutes can put the secured party financing...more
Real property tax sales provide opportunities for investors to acquire properties for below market prices if the properties are not redeemed from sale or to earn interest on the taxes paid at the tax sale at generous rates if...more
Pennsylvania’s 2008 Abandoned and Blighted Property Conservatorship Act, 68 P.S. §§ 1101 et seq. (the “Conservatorship Act”) is an anti-blight tool for restoring neglected properties to productive use and consequently...more
CITY HALL- “Prison Gerrymandering” Addressed in New Council Bill Council President Darrell Clarke and Mayor Jim Kenney presented a new bill to address “prison gerrymandering” — when incarcerated people are counted in their...more
New York AG Letitia James reached a settlement with global retailer H&M Hennes & Mauritz, L.P. and whistleblower William S. French to resolve allegations that H&M improperly retained unused gift card balances that should have...more
Despite industry objection to the government's proposed rental auctions scheme for vacant high street premises, the government has published draft legislation aimed at doing exactly that. ...more
Much ballyhoo has accompanied the U.S. Treasury’s publication in January 2022 of its Final Rule in the use of American Rescue Plan Act (ARPA) funds. Local governments across the country are scrambling to deploy their stimulus...more