News & Analysis as of

Historical Rehabilitation

Polsinelli

Not-For-Profits Gain Access to Historic Tax Credits with Enactment of Missouri HB 2062

Polsinelli on

On May 16, Missouri passed HB 2062 modifying the state’s existing Historic Tax Credit (HTC) program. The bill alters the program in several significant ways. The program will now feature a year-round application cycle,...more

Goulston & Storrs PC

Boston’s Planning-Led Rezoning: New Skyline Districts

Goulston & Storrs PC on

Boston is continuing its commitment to planning-led rezoning with the recent release by the Boston Planning and Development Agency ("BPDA") of a draft zoning text amendment and zoning map to implement the PLAN: Downtown...more

Williams Mullen

Virginia Historic Rehabilitation Tax Credits - Legislative Update

Williams Mullen on

The Virginia Historic Rehabilitation Tax Credit (HRTC) program (see Virginia Code § 58.1-339.2) has played a significant role in stimulating Virginia’s economy and preserving thousands of historic properties throughout the...more

BCLP

Levelling Up and Regeneration Act 2023: Summary of Planning Reforms

BCLP on

The Levelling-up and Regeneration Act 2023 was given Royal Assent on 26 October 2023. It introduces some wide-ranging reforms to the planning system which we summarise in this Insight. However, most of the changes will not...more

DarrowEverett LLP

Key Questions When Determining Eligibility for State Historic Tax Credits

DarrowEverett LLP on

Real estate developers have long had ample reasons to take on projects involving historic buildings, courtesy of Section 47 of the Internal Revenue Code of 1986. As amended, Section 47 (the “Code”) provides for a...more

Goulston & Storrs PC

The Intersection of Historic Preservation and Urban Planning

Goulston & Storrs PC on

There are seventy historic districts in Washington, D.C., with local neighborhoods accounting for more than thirty of these designated areas. In addition to working to preserve some of Washington’s oldest and most historic...more

Kohrman Jackson & Krantz LLP

UPDATE: Ohio General Assembly Passes Increased Historic and Opportunity Zone Incentives in SB 225

Ohio’s General Assembly recently voted to temporarily double its Ohio Historic Preservation Tax Credit (OHPTC) award cap and increase, then reduce Ohio’s Opportunity Zone (OZ) Tax Credit cap. For state fiscal years 2023 and...more

Greenbaum, Rowe, Smith & Davis LLP

The New Jersey Economic Recovery Act of 2020: NJ EDA Approves Rules to Implement Historic Property Reinvestment Program, Announces...

What You Need To Know •The Historic Property Reinvestment Program will provide incentive funding for the rehabilitation and preservation of eligible historic properties throughout New Jersey. •Awards under the program...more

Kohrman Jackson & Krantz LLP

Ohio Senate Bill 225 Doubling Historic & Opportunity Zone Incentives Heads To House

Ohio historic preservation and economic development projects may soon receive a large temporary boost from the Ohio General Assembly. Recently passed by the Ohio Senate and now under consideration in the Ohio House, Ohio...more

International Lawyers Network

Buying and Selling Real Estate in Portugal (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER PORTUGUESE LAW - I.INTRODUCTION - Portugal is an Iberian Peninsula country, bordered by the Atlantic to the west and south and Spain to the north and east. In addition to...more

Mitchell, Williams, Selig, Gates & Woodyard,...

93rd Arkansas General Assembly: Historic Rehabilitation Tax Credit Cap Increase (Update)

The 93rd Arkansas General Assembly convened for regular session on January 11th and is expected to adjourn in the next few days. House Bill 1555 (“HB 1555”), which would increase the cap for the Arkansas Historic Tax...more

International Lawyers Network

Buying and Selling Real Estate in Portugal (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER PORTUGUESE LAW - I. INTRODUCTION - Portugal is an Iberian Peninsula country, bordered by the Atlantic to the west and south and Spain to the north and east. In addition to...more

Greenbaum, Rowe, Smith & Davis LLP

The New Jersey Economic Recovery Act of 2020: An Overview Of The New Jersey Historic Property Reinvestment Program

The New Jersey Economic Recovery Act of 2020, a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships, and numerous...more

Winstead PC

Utilizing Tax Credits to Finance Renovation for State Institutes of Higher Education

Winstead PC on

In 2017 the Texas Legislature passed House Bill 1003, which made the Texas Historic Preservation Tax Credit available to state university systems and other state institutions of higher education. Following this change,...more

Mitchell, Williams, Selig, Gates & Woodyard,...

93rd Arkansas General Assembly: Historic Rehabilitation Tax Credit Cap Increase

The 93rd Arkansas General Assembly convened for regular session on January 11th. House Bill 1555 (HB1555) has been filed which would increase the cap for the Arkansas Historic Tax Credit from $4 million to $10 million...more

Williams Mullen

IRS Extends Historic Tax Credit Substantial Rehabilitation Deadline

Williams Mullen on

On July 30, 2020, the IRS issued Notice 2020-58 (“Notice”) as part of the federal government’s emergency response to the COVID-19 pandemic and mandate “to provide relief from tax deadlines to Americans who have been adversely...more

Perkins Coie

Agency Inaction Is Not a CEQA Project

Perkins Coie on

An agency’s failure to maintain a historic building—“demolition by neglect”—is not a “project” subject to CEQA. Lake Norconian Club Foundation v. California Department of Corrections and Rehabilitation, No. A154917 (First...more

Moore & Van Allen PLLC

MVA Monitor - August 2019 #2

Moore & Van Allen PLLC on

The state budget impasse enters its seventh week today, with no visible progress. Some reports claim communication is almost non-existent between the two sides. While the budget remains in gridlock with Medicaid expansion...more

Whitman Legal Solutions, LLC

How a Laudable Historic Renovation Led to ADA Violations

From a legal perspective, renovating a historic building is not for the faint of heart. In addition to obtaining the building permits and inspections required for any construction project, renovation of a historic building...more

Rosenberg Martin Greenberg LLP

Newly Constructed Dwelling Unit Property Tax Credit Due to Expire on June 30, 2019

Expiring opportunity to obtain significant reductions in property taxes for newly constructed or substantially rehabilitated homes in Baltimore City - Time is running out for buyers of newly constructed homes to obtain a...more

Bilzin Sumberg

Coconut Grove Playhouse: Court Finds City Departs Essential Law Requirements

Bilzin Sumberg on

In Miami-Dade County v. City of Miami, Circuit Court, 11th Judicial Circuit (Appellate) in and for Miami-Dade County (Case No. 18-000032-AP-01) [26 Fla. L. Weekly 800b], an appeal was filed by Miami-Dade County (the “County”)...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Historic Rehabilitation Tax Credit/92nd Arkansas General Assembly: Act 470 Enacted Reducing Threshold Necessary for Homeowner...

Governor Hutchinson signed House Bill 1493 which amends the Arkansas Historic Rehabilitation income tax credit. The bill reduces the investment threshold necessary for homeowners to qualify for the Arkansas Historic...more

International Lawyers Network

Buying and Selling Real Estate in Portugal

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER PORTUGUESE LAW - I. INTRODUCTION - Portugal is an Iberian Peninsula country, bordered by the Atlantic to the west and south and Spain to the north and east; in addition to its...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Historic Rehabilitation/92nd Arkansas General Assembly: House Bill 1493 Reduces Threshold Necessary for Homeowner Qualification

House Bill 1493 has been introduced to amend the Arkansas historic rehabilitation income tax credit. The bill would reduce the investment threshold necessary for homeowners to qualify for the Arkansas historic...more

Jones Day

Incentives for Qualified Opportunity Zone Investments: Check Your Locations

Jones Day on

The Background: The Tax Cuts and Jobs Act created a new tax incentive program to encourage investments in qualified opportunity zones ("OZs"). Taxpayers seeking to redeploy gains from other sources can obtain favorable tax...more

47 Results
 / 
View per page
Page: of 2

"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:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide