The California Association of Realtors (“CAR”) is one of the largest professional groups in the United States, numbering over 200,000 members. As one of the most influential organizations in the field of real estate, it plays a major role in policymaking questions affecting real estate matters and other industry issues in the Golden State and around the country. In light of … [Read more...] about California Association of Realtors highlights new legislation affecting real estate in 2020
Blog
Final Opportunity Zone regulations released
Regular readers of this blog may remember that I have posted here occasionally about the Opportunity Zone program since it was enacted into law as a part of the Tax Cuts and Jobs Act in December of 2017. As the government has published proposed regulations implementing this legislation since then, I have been reporting on that guidance. Given the complexity of this method of … [Read more...] about Final Opportunity Zone regulations released
California goes all in to limit local opposition to ADUs
Entering a new decade, California is primed to implement several bills signed into law at the end of 2019 that seem poised to turbocharge the trend of making accessory dwelling units (“ADUs”) less expensive, easier to get approved, and much more common in the Golden State. Despite these salutary efforts, however, obstacles to the successful implementation of these laws still … [Read more...] about California goes all in to limit local opposition to ADUs
Housing crisis-inspired policy goals now at loggerheads in Palo Alto
Once again, the chronic and acute shortage of housing in California takes center stage in this week’s blog, as has happened so many times over the past several years. This time, the spotlight is on Palo Alto, whose debates over development have also previously been featured here. The controversy at hand involves the tension between the development of additional market rate … [Read more...] about Housing crisis-inspired policy goals now at loggerheads in Palo Alto
IRS issues final safe harbor rules for rental real estate owners to take the 20% qualified business income deduction under Section 199A
Real property-related tax questions have long been a mainstay of this blog. Since being passed into law in late 2017, the Tax Cuts and Jobs Act and its sections relating to investment in commercial real estate have regularly appeared in my posts. The establishment of tax-advantaged Opportunity Zones and the clarifications of the regulations governing those investments, among … [Read more...] about IRS issues final safe harbor rules for rental real estate owners to take the 20% qualified business income deduction under Section 199A