RealEstateRama Laws & Taxes
Kelly joins an elite group of Huie, Fernambucq & Stewart partners previously recognized as "Lawyer of the Year" in Birmingham in their respective practice areas, making this the firm's fifth consecutive year to top the list.
ABC Supply Co., Inc. has signed a definitive agreement with Saint-Gobain Delaware Corporation, a subsidiary of Saint-Gobain S.A., to acquire Norandex Building Materials Distribution, Inc., a leading distributor of windows, siding and other exterior building products. The transaction is awaiting clearance under the Hart-Scott-Rodino Antitrust Improvement Acts and is expected to close in late 2015
Bradley Arant Boult Cummings LLP is pleased to announce that Birmingham partner Beau Byrd has been named chairperson of the Real Property, Probate and Trust Section of the Alabama State Bar (ASB) for 2015-2016. Mr. Byrd, who previously held the role of vice chairperson, will serve as chair for a one-year term.
Attorney Tim Reynolds is pleased to announce the opening of REYNOLDS.LEGAL, a law firm specializing in small business, real estate development, and property co-ownership law. Located at 26619 Perdido Beach Boulevard, on the 2nd floor Marina Office building at Zeke's Landing Marina, REYNOLDS.LEGAL, while specializing in business, real estate, and co-ownership law, offers other services, including
Last night, Congressman Mo Brooks (R-AL) offered two amendments to the FY16 Transportation, Housing & Urban Development Appropriations Act, which sought to eliminate federal government subsidies of Amtrak, thus forcing Amtrak to operate in the black. The Congressional Research Service reports that, from 1971 to 2015, federal Amtrak subsidies totaled $78 billion (in constant 2015 dollars). In Fiscal Year 2014, Amtrak had a net loss of $1.1 billion. The House voted on Brooks’ amendments this afternoon and they were not adopted
U.S. Senator Richard Shelby (R-Ala.), senior member of the Senate Committee on Banking, Housing and Urban Affairs, today stressed the need for housing finance reform but detailed his opposition to related legislation under consideration by the committee. Shelby pointed out that the proposed bill would greatly expand and further complicate the role of government in housing markets, empowering a new super-regulator with the same authorities used to bail out Wall Street and putting taxpayers on the hook for trillions of dollars of liability. In doing so, Shelby strongly challenged the assertion that the legislation is the best way to move beyond the unacceptable status quo. Excerpts of Shelby’s statement are below in bold, followed by the full text of his prepared remarks
April 06, 2009 - (RealEstateRama) — Of the households participating in a Move, Inc. telephone survey in March who said they plan to buy a home this year, 18.1% indicated that they would be doing so in order to take advantage of the $8,000 first-time home buyer tax credit in the stimulus package enacted in February.
March 17, 2009 - (RealEstateRama) — Home builders may be underestimating the mileage they can derive from the recently enacted $8,000 tax credit for first-time home buyers and should be doing whatever they can to actively promote it with their prospective buyers, according to residential marketing experts participating in an NAHB teleconference on March 16.
February 25, 2009 - (RealEstateRama) — On Feb. 17, President Obama signed the American Recovery and Reinvestment Act of 2009 into law. As part of $787 billion in economic stimulus measures, the legislation created a home buyer tax credit that is bigger and better than the previous credit that was implemented in July 2008
WASHINGTON, D.C. - Jun 9, 2008 - (RealEstateRama) — The National Association of Home Builders (NAHB) today called on Congress to create a temporary home buyer tax credit along with other important tax measures to boost the faltering housing market and economy.
MONTGOMERY – Some Alabama children who take the bus to school will be buckled-up during the trip for the first time next year thanks to a grant awarded by a special panel Governor Bob Riley appointed.
Albertville property owners will not see the effects of increased tax rates on bills due by the end of the year.Voters in Albertville agreed Tuesday to raise property tax rates by 6 mills. The new rate will take effect with the tax year beginning Oct. 1. That means the bill won’t come due until late 2008.
DAUPHIN ISLAND -- More than 200 property owners here have filed appeals with Mobile County this week, claiming that tax officials overestimated their homes' values and overcharged them on property taxes, according to officials with the county and with the town's property owners group.