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Judiciary Committee Approves Bill to Protect Private Property Rights

Washington, D.C. - June 13, 2013 - (RealEstateRama) -- The House Judiciary Committee today approved legislation by voice vote that prohibits state and local governments that receive federal economic development funds from using eminent domain to transfer private property from one private owner to another for the purpose of economic development, the Private Property Rights Protection Act (H.R. 1944). This legislation is in response to the 2005 Supreme Court decision in the case of Kelo v. City of New London, which gives local governments broad authority to seize private property under the guise of economic development just to generate tax revenue. The Private Property Rights Protection Act passed the House of Representatives in the 109th and 112th Congresses

Governor Christie Acts to Protect Property Owners Affected by Sandy and Provide Quicker Resolution...

Trenton, NJ - February 5, 2013 - (RealEstateRama) -- Taking further action to help New Jersey residents rebuild and restore their properties after Superstorm Sandy, Governor Chris Christie and Administration officials from key departments today held ...

Governor McDonnell Signs Legislation to Protect Property Rights of Virginia Citizens

RICHMOND - July 16, 2012 - (RealEstateRama) -- Governor Bob McDonnell ceremonially signed four pieces of legislation to protect the property rights of Virginia citizens. HB5 (R. Bell) and its companion SB240 (Obenshain) provide for a referendum for a c...

Business Real Estate Press Releases

Recent Gov & Nonprofit Real Estate Press Releases

1031 Exchange

An Overview of the 1031 Exchange

The United States Internal Revenue Code is a portion of the federal statutory tax laws which is published in different volumes of the United States Statutes at Large. It is separated as Title 26 of the code and it covers taxes, its procedures, and administration.