Laws & Taxes

Laws & Taxes
USDOJ

Chairman of Macau Real Estate Development Company Convicted on All Counts for Role in...

Yesterday, a federal jury convicted the chairman of a real estate development company for his role in a scheme to bribe United Nations ambassadors to obtain support to build a conference center in Macau that would host, among other events, the annual United Nations Global South-South Development Expo.
NAHB

Homeownership Remains Key Part of American Dream; Obstacles Persist for Many

As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, more than two-thirds of Americans believe that owning a home is an essential part of the American Dream.
NLIHC

Statement from Diane Yentel, President and CEO of the National Low Income Housing Coalition,...

President Trump’s proposal for tax reform is a missed opportunity to reprioritize and rebalance federal housing policy. By raising the standard deduction, Mr. Trump’s tax plan would lead to fewer households claiming the mortgage interest deduction (MID) – a $70 billion tax write-off that primarily benefits higher income households.
NAR

Homeownership in the Crosshairs of Latest Tax Plan, Say Realtors®

Major reforms are needed to lower tax rates and simplify the tax code, but that shouldn’t come at the expense of current and prospective homeowners. That’s according to National Association of Realtors® President William E. Brown, a second-generation Realtor® from Alamo, California and founder of Investment Properties.
DOI

President Trump Requests $11.6 Billion for Interior Department’s FY 2018 Budget

U.S. Secretary of the Interior Ryan Zinke today announced President Trump’s $11.6 billion Fiscal Year (FY) 2018 budget blueprint request for the Department of the Interior. The budget meets the Department's core mission while also saving taxpayers $1.5 billion or 12 percent reduction from the FY 2017 Annualized Continuing Resolution level.

The Law Center Announces A Major Bipartisan Victory to House Homeless People Using Surplus...

The National Law Center on Homelessness & Poverty (the Law Center) announced a major victory that will create housing for people experiencing homelessness by using surplus federal property. The Law Center worked with a bipartisan coalition in Congress on the Federal Assets Sale and Transfer Act of 2016 (FAST Act), which reforms how the federal government disposes of its property, including property for homeless services under Title V. The FAST Act (H.R. 4465) passed the U.S. House of Representatives in May of 2016, and then passed the U.S. Senate by unanimous consent on December 10, 2016. The bill is expected to be signed into law.

Government Receives a “D” on Report Card in Response to Homelessness

The National Law Center on Homelessness & Poverty (the Law Center) issued Grading the U.S. Response to Homelessness, its annual report card on the human right to housing in the U.S. The report card praises the progress of the federal government this year in addressing the criminalization of homelessness and in some areas to promote fair housing, but condemns its ongoing failure to stem the tide of homelessness by ensuring adequate, affordable housing is available to all, resulting in an overall grade of “D.”

GSA Auctions the Cotton Annex Building

The U.S. General Services Administration (GSA) begins the public sale for Cotton Annex building in an effort to find a new owner for the property while creating the greatest possible value for taxpayers.

Justice Department Files Brief to Address the Use of Criminal Background Checks by Housing...

The Justice Department filed a statement of interest today arguing that the Fair Housing Act (FHA) requires that landlords who consider criminal records in evaluating prospective tenants do not use overly broad generalizations that disproportionately disqualify people based on a legally protected characteristic, such as race or national origin.
Khemka & Choudhary - Houston TX Employment & Tenant Lawyer and Attorney

Statement from Diane Yentel, President and CEO of the National Low Income Housing Coalition,...

The National Low Income Housing Coalition (NLIHC) welcomes an elevated discussion and proposed solutions to the country's affordable housing crisis. Together with our members, partners and allies across the country, we work towards ensuring the lowest income families have decent, safe and affordable homes. While we are pleased to have Senator Ron Wyden (D-OR) prioritizing solutions to the affordable housing crisis, his proposed Middle Income Housing Tax Credit (MIHTC) program would be a misguided and wasteful use of federal resources

Washington Wizard John Wall, U.S. Senator Susan M. Collins, Advocates to Receive Awards for...

On Thursday September 22, 2016 the National Law Center on Homelessness & Poverty ("the Law Center") will be honoring Washington Wizard John Wall, U.S. Senator Susan M. Collins, Dechert LLP and Angela Spencer, at the 18th annual McKinney-Vento Awards Ceremony in Washington D.C. The Law Center will also celebrate 27 years of high impact work to protect the rights of individuals experiencing homelessness and to end homelessness in America. Dana Jacobson, an award winning TV sports personality and correspondent and anchor for CBS News and CBS Sports, will emcee. Ted Leonsis and Congresswoman Gwen Moore will join us as awards presenters.

Apartment Industry Applauds the Introduction of Middle-Income Housing Tax Credit Legislation

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement in response to Senate Finance Committee Ranking Member Ron Wyden’s (D-OR) proposal to create a Middle-Income Housing Tax Credit (MIHTC)

NAHB Commends Sen. Wyden’s New Middle-Income Housing Tax Credit

The National Association of Home Builders (NAHB) today commended Sen. Ron Wyden (D-Ore.) for introducing the Middle-Income Housing Tax Credit Act of 2016. The legislation builds on the successful Low-Income Housing Tax Credit (LIHTC) by creating a new tax credit to spur the development of rental homes affordable to Americans with moderate incomes

NAHB Endorses Candidates for Congress

For the first time in its 74-year history, the National Association of Home Builders (NAHB) is officially endorsing candidates for the U.S. House and Senate in the upcoming Nov. 8 elections. “As housing goes, so goes the economy,” said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill. “This election could determine if the housing and economic recovery stays on track or veers off course. The incumbents and candidates from both political parties that NAHB will be endorsing have all exhibited a commitment to advance policies that will promote homeownership and rental housing opportunities for all Americans.”

NFIB and PLF sue OSHA for foisting union activists on businesses

The Occupational Safety and Health Administration (OSHA) is illegally foisting union activists onto non-unionized businesses, through an unlawful rule allowing agents from organized labor to participate, as of right, in OSHA health and safety inspections.

Consumer Groups Urge the Department of Energy to Strengthen Protections for Homeowners in Best...

The National Consumer Law Center, on behalf of its low-income clients, and 15 consumer advocacy organizations submitted comments urging the U.S. Department of Energy (DOE) to strengthen consumer protections in the Department's draft Best Practices for Residential PACE Financing Programs. Municipalities use Property Assessed Clean Energy (PACE) loans to help homeowners finance energy efficiency and renewable energy improvements to their homes.

President Signs Housing Assistance Reform Bill Into Law

On July 29, President Obama signed into law H.R. 3700, the Housing Opportunity Through Modernization Act (HOTMA), which will streamline and reform several federal housing assistance programs. NCSHA and a broad coalition of housing stakeholders have strongly advocated for this bipartisan legislation over the past year.
607 East Creek

Why I live in Fredericksburg, Texas…

I grew up in Southern California and thought I would never move, great weather, lots to do, and had friends and family there. But after retiring in 1994, we decided that the cost of living after retirement in California was going to limit our lifestyle and mobility. So, with that, we moved to Colorado Springs, which was nice enough, but those “mild” winters quickly turned into black ice and snow piled up to the eaves of the house.

Mayor Bowser Signs Renewable Portfolio Standard Bill into Law

DC Mayor Muriel E. Bowser hosted a press conference with Courtney Snowden, Deputy Mayor for Greater Economic Opportunity (DMGEO); Tommy Wells, Director of the Department of Energy and Environment (DOEE); GRID Alternatives; and participants in DOEE’s Green Zone Environmental Program (GZEP), where she signed the Renewable Portfolio Standard Expansion Act of 2016. This legislation, introduced by Councilmember Cheh and unanimously passed by Council, will solidify the District’s position as a national leader in the push to decarbonize our economies, increase access to clean energy for DC residents, and create a long-term pipeline for green jobs and business creation.

NAA/NMHC Applaud Members of Congress for Swift Passage of Vital Federal Housing Reforms

Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released in response to the passage of “The Housing Opportunity Through Modernization Act” in Congress

ABA Resolution Could Reduce Safety, Increase Costs, Add Undue Burden to Tax Payers

The National Institute of Building Sciences issued an open letter today to delegates attending the upcoming American Bar Association (ABA) Annual Meeting in August informing of the potential long-term impacts should they vote to support a proposed resolution. The resolution—which advocates that copyrighted codes and standards incorporated by reference in legislation and regulation be made available for free—would alter the way codes and standards are developed in the United States

Hearing Reveals Administration’s Apparent Double-Standard for Federally Subsidized Renewable Energy Projects On Federal Lands

The Subcommittee on Oversight and Investigations held a hearing on the status of Ivanpah and other federal loan-guaranteed solar energy projects on Bureau of Land Management (BLM) lands.

Lincoln Institute Releases New Analysis of Property Taxes in 50 States

The Lincoln Institute of Land Policy has released the latest edition of its annual report on property tax rates in all 50 U.S. states, with a new analysis of how communities raise revenue to pay for basic public services.

Fine Balance Needed between Property Rights, Regulation of Short-term Rentals

Mobile and online technology and evolving consumer tastes are changing the dynamics of renting property, and the debate on whether the regulatory response from state and local governments clashes with individual property rights will likely continue, according to speakers at a panel discussion on the current issues surrounding short-term rentals at the 2016 REALTORS® Legislative Meetings & Trade Expo.

House Takes Legal Action Against Executive Overreach

The House of Representatives has filed an amicus brief to the U.S. Supreme Court in United States v. Texas opposing the Obama administration's executive overreach. The brief, authorized by a vote of the full House, sets forth why only Congress—not the executive branch—is empowered to write the nation’s immigration laws.

The Property Tax as “A Good Tax”

The property tax, a mainstay of local government, is the subject of continual controversy, with numerous ballot measure to place caps on it, or even in some cases proposals to eliminate it completely. But in fact it is a fair, democratic, stable and efficient source local revenue, attorney and property tax expert Joan Youngman argues in “A Good Tax: Legal and Policy Issues for the Property Tax in the United States,” published this month by the Lincoln Institute of Land Policy.

IRS and MBA “Tax Design Challenge” Begins Soon

Public Invited to Imagine the Taxpayer Experience of the Future. The Internal Revenue Service today announced the upcoming start of its first Tax Design Challenge crowdsourcing competition to encourage innovative ideas for the taxpayer experience of the future.

Real Estate Tax Credits and Deductions You Don’t Want to Miss

In real estate, there are a lot of expenses associated with buying and selling homes – especially if you’re an agent. Luckily, there are a number of tax write-offs that can be used to offset the cost. You just have to know what deductions and credits real estate agents can claim and how to claim them.

Senator Cantwell, ACTION Campaign Call for Fifty Percent Increase in Housing Credit Authority

Senator Maria Cantwell (D-WA) announced in Seattle this afternoon her intention to introduce legislation to expand Low Income Housing Tax Credit authority by 50 percent and to make other changes to strengthen the program. At the same time, the ACTION Campaign, a group of about 1,300 affordable housing stakeholders that NCSHA and Enterprise Community Partners co-chair, transmitted to every member of Congress a national sign-on letter, endorsed by more than 1,300 organizations representing all 50 states, ca6lling on Congress to increase the Housing Credit cap by at least 50 percent. Cantwell also referenced this letter in her remarks

Whitehouse Applauds House Passage of his Bill to Protect Servicemembers from Foreclosure

Senator Sheldon Whitehouse applauded the House’s passage today of the Foreclosure Relief and Extension for Servicemembers Act, which extends key foreclosure protection to those who serve. Whitehouse authored the legislation, which was unanimously approved by the Senate in December. The bill now awaits the President’s signature to become law.

Popular Government & Nonprofit Press Releases

Natural Resources

Bishop Statement on Infrastructure Executive Order

House Committee on Natural Resources Chairman Rob Bishop (R-UT) issued the following statement in reaction to President Trump’s executive order on establishing accountability in the environmental review and permitting process for infrastructure projects

Recent Government & Nonprofit Press Releases

SEIA

Broad, Bipartisan Opposition to Solar Tariffs as ITC Hears Trade Case

Led by the Solar Energy Industries Association (SEIA), the solar industry, elected officials and U.S. trading partners argued today against Suniva’s bid for trade relief at a packed International Trade Commission (ITC) hearing. Hundreds of American solar workers concerned about their jobs attended the hearing