News & Analysis as of

Property Tax › Tax Reform

Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending... more +
Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction.  However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities.  less -
Pullman & Comley - For What It May Be Worth

Connecticut Motor Vehicle Taxation Laws Revised Again

Pullman & Comley - For What It May Be Worth on

In 2022, the Connecticut General Assembly enacted a group of laws that changed the manner in which motor vehicles are assessed and taxed. The complete implementation of these statutes has been delayed in part due to various...more

Proskauer - Tax Talks

Summary of the Biden Administration’s Fiscal Year 2025 Green Book Tax Proposals

Proskauer - Tax Talks on

On March 11, 2024, the Biden Administration released the Fiscal Year 2025 Budget, and the “General Explanations of the Administration’s Fiscal Year 2025 Revenue Proposals,” which is commonly referred to as the “Green Book.”...more

Pullman & Comley - For What It May Be Worth

New Property Tax Laws in Connecticut

Pullman & Comley - For What It May Be Worth on

While the recently concluded 2023 legislative session focused largely on other forms of taxation, the Connecticut General Assembly did pass several noteworthy acts regarding property taxation. Income and Expense Reports...more

Nossaman LLP

Los Angeles Office of Finance Clarifies Exemptions from “Mansion Tax”

Nossaman LLP on

The Los Angeles Office of Finance (Office of Finance) has released a new FAQ confirming that real property transfers that are exempt from the current City documentary transfer tax (to which the FAQ refers as the “Base Tax”)...more

Pierce Atwood LLP

Rhode Island Businesses Could Soon Receive Tax Relief

Pierce Atwood LLP on

Rhode Island Senate leadership is backing legislation that would exempt the first $100,000 of tangible property from property taxation by municipalities. The tangible tax is currently levied on businesses for property other...more

Skadden, Arps, Slate, Meagher & Flom LLP

The 2024 Green Book and Tax Implications: A Primer

Skadden, Arps, Slate, Meagher & Flom LLP on

On March 9, 2023, the Treasury Department released the General Explanations of the Administration’s Fiscal Year 2024 Revenue Proposals (sometimes called the Green Book) to accompany President Joe Biden’s proposed budget for...more

Pullman & Comley - For What It May Be Worth

March 10 Public Hearing on Bills Impacting Connecticut Taxpayers

Pullman & Comley - For What It May Be Worth on

On March 10, 2023 at 11:00 a.m., the Connecticut General Assembly’s Planning and Development Committee will hold a public hearing on the following bills of interest to both commercial and residential taxpayers...more

Pullman & Comley - For What It May Be Worth

New Remedial Bill Concerning Connecticut Property Tax Exemption for Manufacturers in Certain Municipalities

Pullman & Comley - For What It May Be Worth on

Connecticut has adopted a variety of property tax exemptions for certain specified uses of real and personal property, including property used in manufacturing. The prerequisite filing obligations and deadlines associated...more

Pullman & Comley - For What It May Be Worth

New Approach to Taxation of Solar Facilities Proposed in Connecticut

Pullman & Comley - For What It May Be Worth on

The inconsistent property tax treatment of solar photovoltaic (PV) systems by Connecticut municipalities has created impediments to their development.  These impediments run counter to the State’s policies seeking to promote...more

Pullman & Comley - For What It May Be Worth

New State-Wide Property Tax Proposed in Connecticut Public Hearing Scheduled for February 27, 2023

Pullman & Comley - For What It May Be Worth on

Two bills pending before the Connecticut General Assembly seek to impose a new state-wide property tax on different classes of real property.  Currently, property taxes are only imposed at the municipal level of government. ...more

Orrick, Herrington & Sutcliffe LLP

Bond Measure Ballot Question Fix for AB 195/AB 809 Requirements

Orrick, Herrington & Sutcliffe LLP on

Good news! California Senator Scott Wiener, 11th Senate District, has introduced Senate Bill 532 (“SB 532”), which, if enacted into law, would provide an option to California school districts and other local governments...more

Lewis Roca

Review of 2022 Arizona Tax Highlights

Lewis Roca on

ARIZONA TO IMPLEMENT 2.5% FLAT TAX AHEAD OF SCHEDULE - Governor Doug Ducey announced that Arizona will implement its new 2.5% flat income tax rate on January 1, 2023, a full year ahead of schedule. According to Gov. Ducey,...more

Miller Canfield

Important Tax Changes Coming into Effect in Canada

Miller Canfield on

The new year has brought with it some important tax changes for businesses and residential property owners in Canada....more

Pullman & Comley - For What It May Be Worth

Increase in Connecticut’s Assessment Ratio Proposed: Public Hearing Scheduled for February 17, 2023

Pullman & Comley - For What It May Be Worth on

For as long as most of us can remember, real and personal property in Connecticut has been assessed for property tax purposes at 70% of its fair market value.  Senate Bill No. 999, which was recently introduced in the...more

Pullman & Comley - For What It May Be Worth

Changes to Connecticut’s Revaluation Schedule Are Coming

Pullman & Comley - For What It May Be Worth on

As the result of a recent change to the law, Connecticut’s municipal revaluation schedule will be undergoing some significant changes beginning with the October 1, 2024 grand list.  With the passage of Section 7 of Public Act...more

Parker Poe Adams & Bernstein LLP

South Carolina Passes Targeted Tax Reform Legislation

Parker Poe Adams & Bernstein LLP on

The South Carolina General Assembly passed tax reform legislation providing targeted relief to individuals and to manufacturers, including (i) a one-time rebate of up to $700 in 2021 taxes for individuals; (ii) cuts to the...more

Pullman & Comley - For What It May Be Worth

Connecticut General Assembly Exempts Certain Electric Vehicle Charging Stations from Property Taxes & Mandates Their Installation...

Pullman & Comley - For What It May Be Worth on

While many of us have been fixated on the soaring gas prices and dreading our next fill-up at the pump, Connecticut recently passed new legislation making a switch to electric vehicles even more intriguing. During the...more

Kohrman Jackson & Krantz LLP

GOV. MIKE DEWINE SIGNS LANDMARK PROPERTY TAX REFORM BILL

Kohrman Jackson & Krantz LLP on

A property tax reform effort that originally commenced in 2018 in the Ohio House of Representatives has been recently passed by the General Assembly in the form of House Bill 126 (HB 126) and is on its way to Governor Mike...more

Eversheds Sutherland (US) LLP

Georgia’s 2022 legislative session ends with significant tax legislation

Eversheds Sutherland (US) LLP on

During the 2022 legislative session, the Georgia General Assembly passed significant tax legislation, including authorizing affiliated groups to file consolidated corporate income tax returns without prior approval from the...more

Holland & Knight LLP

New York City Property Tax Blueprint an Incomplete Solution

Holland & Knight LLP on

Former New York City Mayor Bill de Blasio's Advisory Commission on Property Tax Reform (the Commission) issued a report on Dec. 28, 2021, titled "The Road to Reform: A Blueprint for Modernizing and Simplifying New York City's...more

Brownstein Hyatt Farber Schreck

How SB-293 and Prop 120 May Play Out on Your Bill

Brownstein Hyatt Farber Schreck on

In the final days of the 2021 legislative session, the Colorado Legislature passed SB-293, intending to temporarily cut property taxes in a last-minute bipartisan attempt to address the anticipated increases in property taxes...more

Katten Muchin Rosenman LLP

New York Expands Liability Provisions for New York Real Estate Transfer Tax

Katten Muchin Rosenman LLP on

On April 19, Governor Andrew Cuomo signed into law the New York Budget Bill for the 2021-2022 state fiscal year (Senate Bill S2509C) (the New Budget Bill). The New Budget Bill contains a major change to the liability...more

Cozen O'Connor

Details on the Mayor’s budget proposal, Proposal to protect renters; Funding for the School District; Land-value taxation

Cozen O'Connor on

Last week, Mayor Kenney formally introduced his budget to City Council. His proposed budget includes: Public Strategies provides more detailed analysis of the budget proposal here. ...more

Dentons

Iowa 2021 Legislative Report - Week 13

Dentons on

Budgets and floor debate dominated week 13. Most of the work was packed into Tuesday, April 6, and Wednesday, April 7, with short sessions at the beginning and end of the week....more

Foley Hoag LLP - Energy & Climate Counsel

Massachusetts Wind, Solar, Energy Storage and Fuel Cell Property Tax Reform Enacted as Part of Climate Bill

Foley Hoag LLP - Energy & Climate Counsel on

Following up on our prior post on this topic here, now Governor Baker has signed the comprehensive climate law passed by the legislature... Now, as a session law, Chapter 8 of the Acts of 2021 implements, without...more

78 Results
 / 
View per page
Page: of 4
Next »

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide