BB&D attorney Glenn Norton was sworn in as President-Elect of the Bar Association of Metropolitan St. Louis (“BAMSL”) on May 2, 2019. He will serve a one-year term as President-Elect and will become President of BAMSL in 2020. Glenn was elected by BAMSL’s more than 5,600 members consisting of lawyers throughout the St. Louis region. […]
BB&D Member Bob Blitz has been selected by the Missouri Lawyers Weekly as a recipient of the Icon Award. This award honors 27 distinguished men and women over the age of 60 for their notable sustained success and strong leadership within and outside the field of law within the State of Missouri. The event honoring […]
As part of the Tax Cuts and Jobs Act of 2017, Congress designated certain Qualified Opportunity Zones to encourage new investment in economically-distressed communities through tax incentives. Opportunity Zone investments are intended to infuse new capital, development and economic growth in such Opportunity Zones. To date, the U.S. Treasury Department has issued two sets of guidance and proposed regulations regarding this developing tax incentive.
Recent legislation reduces the amount of Historic Preservation Tax Credits (HTC) available annually and imposes additional restrictions on developers seeking HTC to support historic rehabilitation projects. Senate Bill 590 and Senate Bill 773, enacted during the 2018 legislative session, reduce the annual aggregate cap on HTC for projects receiving $275,000 or more in tax credits from $140 million to $90 million, with an additional $30 million available for projects on properties located in qualified census tracts.