BB&D attorneys Bob Blitz, Thom Avery and Jason Turk successfully represented a family limited partnership that was the beneficiary of a $2 million life insurance policy. The partnership purchased the policy as part of the family’s estate plan and sued the life insurance company after it refused to reinstate the policy and pay the death […]
BB&D’s representation of the Home Builders Association of St. Louis and Eastern Missouri (“STL HBA”) resulted in a regulatory victory that will provide significant savings for homebuilders and homebuyers. With more than 600-member companies, STL HBA members annually invest millions of dollars in water infrastructure donated to water utilities after the completion of a development. […]
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.