Laws & Taxes

Laws & Taxes

Kirkpatrick fights for rural counties, introduces bill to permanently fund critical PILT program

WASHINGTON - January 16, 2013 - (RealEstateRama) -- U.S. Rep. Ann Kirkpatrick, D-Ariz., today introduced legislation to permanently authorize the Payment-in-Lieu-of-Taxes (PILT) program, which is critical to rural counties that suffer losses in propert...

Rep. Craven proposes increase in estate tax threshold

STATE HOUSE - January 16, 2013 - (RealEstateRama) --– While Florida offers retirees warm weather, nice beaches and golf, it also presents the opportunity to significantly reduce one’s overall tax burden, according to an article on estate planning i...

Pircher, Nichols & Meeks Hires Philip Hyun As New Associate

LOS ANGELES - January 15, 2013 - (RealEstateRama) -- Pircher, Nichols & Meeks, a national real estate law firm with offices in Los Angeles and Chicago, announced that Philip Hyun has joined the firm as an associate in the Los Angeles office. Hyun ...

Schepisi-Ciattarelli Bill Aiding Homeowners of Flood-Prone Properties Approved by Assembly

WASHINGTON, D.C. - January 14, 2013 - (RealEstateRama) -- Bipartisan legislation sponsored by Assemblywoman Holly Schepisi and Assemblyman Jack Ciattarelli to exempt flood-prone properties acquired by municipalities from county, school and fire distric...

With More Than 33 Percent Of Lucas County Mortgages Underwater, Brown Urges Reinstatement Of...

TOLEDO, OH - January 10, 2013 - (RealEstateRama) -- Today, with more than 33 percent of Lucas County mortgages underwater, U.S. Sen. Sherrod Brown (D-OH) called for immediate Congressional action to reverse a tax increase imposed on struggling homeowne...

With More than One-Quarter of Cuyahoga County Mortgages Underwater, Brown Urges Reinstatement of Provision...

CLEVELAND, OH - January 7, 2013 - (RealEstateRama) -- Today, with more than one-quarter of Cuyahoga County mortgages underwater, U.S. Sen. Sherrod Brown (D-OH) called for immediate Congressional action to reverse a tax increase imposed on struggling ho...

HOUSING INCENTIVE FUND FULLY CAPITALIZED IN ONLY EIGHT MONTHS

BISMARCK, ND - January 7, 2013 - (RealEstateRama) -- The North Dakota Industrial Commission announced today that the North Dakota Housing Finance Agency (NHDFA) has fully capitalized the state’s affordable housing development program only eight month...

Freeholders Reorganize-Pledge No Increase in County Taxes

The Morris County Freeholders began 2014 with a pledge of working toward another year with no increase in county taxes.

Supreme Court of Rhode Island Upholds the MERS Business Model and MERS Authority to...

Reston, Virginia - January 2, 2013 - (RealEstateRama) -- MERSCORP Holdings, Inc. today announced that the Supreme Court of Rhode Island held in Mruk vs. Mortgage Electronic Registration Systems, Inc., (MERS) et al. that MERS’ business model with MERS...

New Orleans 2014 property tax bills available on nola.gov

NEW ORLEANS, LA - December 27, 2013 - (RealEstateRama) -- Today, the City announced that 2014 property tax bill images are available on the City’s website and paper bills are being mailed to all Orleans Parish property owners beginning today, Decembe...

Sen. Klein, Joined by Dozens of Victimized Bronx Homeowners, Announce Filing of Class Action...

BRONX, NY - December 23, 2013 - (RealEstateRama) -- Standing on the steps of the Bronx County Supreme Court, Senator Klein, joined by dozens of Bronx homeowners and Assemblyman Marcos Crespo (D-Bronx), announced that a lawsuit charging fraud, conspirac...

West Virginia Joins 41 States, Territories Urging Congress To Extend The Mortgage Forgiveness Tax...

Attorney General Patrick Morrisey today announced that West Virginia has joined 41 other states and territories in sending a letter today urging Congress to extend the Mortgage Forgiveness Tax Relief Act through at least 2014 in order to continue to he...

2014 Qualified Allocation Plan for the Low Income Housing Tax Credit

WASHINGTON, D.C. - December 23, 2013 - (RealEstateRama) -- The Massachusetts Department of Housing and Community Development (DHCD) has scheduled a public hearing to solicit comments on the 2014 Qualified Allocation Plan (QAP) for the Low Income Housi...

Cummings, O’Malley, and Maryland Democrats Support the Mortgage Forgiveness Tax Relief Act

Baltimore, MD - December 20, 2013 - (RealEstateRama) -- Today, Congressman Elijah E. Cummings (MD-07) was joined by Governor Martin O’Malley, and Congressmembers Steny Hoyer, Chris Van Hollen, C.A. Dutch Ruppersberger, Donna Edwards, John Sarbanes, a...

Attorney General Mills Urges Congress to Extend Tax Relief for Struggling Homeowners

AUGUSTA - December 19, 2013 - (RealEstateRama) -- Fearing a setback for financially strapped homeowners and for the slowly improving housing market, Attorney General Janet T. Mills is urging Congress to extend tax relief for distressed homeowners into ...

AG Gansler Urges Congress to Extend Tax Relief for Struggling Homeowners

Baltimore, MD - December 19, 2013 - (RealEstateRama) -- Attorney General Douglas F. Gansler, joined by 42 state and territorial attorneys general, today urged Congress to extend the Mortgage Forgiveness Tax Relief Act through at least 2014, in order to...

News from NAR: Update on the Mortgage Debt Cancellation Tax Relief Act

WASHINGTON, D.C. - December 19, 2013 - (RealEstateRama) -- With NAR’s encouragement, champions of this valuable provision have introduced bi-partisan bills in both the House and Senate (H.R. 2994/S. 1187), to extend the provision for one or two years...

Disabled veterans get more time to apply for property tax exemption

LANSING - December 19, 2013 - (RealEstateRama) -- Disabled veterans across the state got an early Christmas present this week, announced Michigan Veterans Affairs Agency Director Jeff Barnes. The Michigan State Tax Commission determined on Monday that ...

Average Family to Pay $63 Less in Property Taxes Next Year

WASHINGTON, D.C. - December 19, 2013 - (RealEstateRama) -- The City of Boston today announced the property tax rates for Fiscal 2014. The Fiscal 2014 tax rate for residential property is $12.58 per thousand dollars of valuation. The rate for business p...

Pircher, Nichols & Meeks Hires Tim Najera As New Associate

LOS ANGELES - December 16, 2013 - (RealEstateRama) -- Pircher, Nichols & Meeks, a national real estate law firm with offices in Los Angeles and Chicago, announced that Tim Najera has joined the firm as an associate in the Los Angeles office. Najer...

COURT RULES FOR ROSENBERG & ESTIS, P.C. CLIENT, GETTY PROPERTIES CORP, IN GAS STATION...

New York, NY - December 16, 2013 - (RealEstateRama) -- New York State Supreme Court Justice Melvin L. Schweitzer has issued two rulings in favor of landlord Getty Properties Corp. in a gas station holdover dispute, holding the defendants in criminal an...

Morris Freeholders Pledge to Repeat No Increase in County Taxes as Goal for 2014

WASHINGTON, D.C. - December 12, 2013 - (RealEstateRama) -- “This year, for the first time in 15 years, Morris County taxes did not increase,” said Freeholder Hank Lyon, budget committee chairman who presented the proposal. “Stopping the rise in ...

Public comment solicited on draft property tax exemption legislation

Montpelier, Vermont - December 9, 2013 - (RealEstateRama) -- The special interim Property Tax Exemption Study Committee has draft legislation that would make statutory changes to property tax exemptions for certain nonprofits. The hearing will be held ...

Disabled Veterans Reminded to Contact Local Municipality to Qualify for Property Tax Exemption

WASHINGTON, D.C. - December 5, 2013 - (RealEstateRama) -- The Michigan Department of Treasury is reminding U.S. Military veterans, deemed to be 100% disabled as the result of military service, that they must file an affidavit with their local unit of g...

IRS and California Franchise Tax Board declare California distressed home sellers not liable for...

LOS ANGELES - December 5, 2013 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) announced today it received a letter from the California Franchise Tax Board (FTB), obtained by Board of Equalization (BOE) member George Runner,...

REGISTRATION STILL OPEN FOR NJRA REDEVELOPMENT TRAINING INSTITUTE NEW MARKETS TAX CREDIT WORKSHOP

TRENTON, N.J. - December 3, 2013 - (RealEstateRama) -- The New Jersey Department of Community Affairs (DCA) today announced that registration is still open for the upcoming “Using New Markets Tax Credits (NMTC) in the Development Process” workshop ...

Property Taxes Due by December 10

Woodland, CA - November 27, 2013 - (RealEstateRama) -- Yolo County Tax Collector Howard Newens reminds taxpayers who own property in Yolo County that the first installment of 2013-14 Secured Property Tax is now due and payable.

Governor Christie Expands Access to Property Tax Relief by Extending Homestead Benefit Filing Deadline

Trenton - November 25, 2013 - (RealEstateRama) -- To ensure as many New Jerseyans as possible have the opportunity to obtain property tax relief, the Christie Administration has extended the deadline for filing Homestead Benefit applications to Tuesday...

Public comment solicited on draft property tax exemption legislation at meeting Dec. 16

MONTPELIER - November 22, 2013 - (RealEstateRama) -- The special interim Property Tax Exemption Study Committee has draft legislation that would make statutory changes to property tax exemptions for certain nonprofits. The hearing will be held in the S...

Township Committee To Hear Discussion On Property Tax Card Rebate Program Nov. 18th

WASHINGTON, D.C. - November 20, 2013 - (RealEstateRama) -- The Middle Township Committee will entertain discussion regarding a program that would result in property owners enjoying savings on their property tax bills simply by patronizing local busines...

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Mayor London Breed Celebrates Groundbreaking of New Affordable Housing in the...

Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families