The Tax Cuts and Jobs Act of 2017 – Qualified Opportunity Zones
Enacted in December 2017, the Tax Cuts and Jobs Act of 2017 (the "TCJA") contains a provision that incentivizes long-term investments in economically distressed areas designated as Opportunity Zones ("OZ"). The TCJA added §1400Z to the Internal Revenue Code (the "IRC"), which provides for the deferral of capital gains tax, a step-up in basis, and Read More »
Authorities Budget Office Proposes New Rule Requiring IDAs to Post Documents to Website
The Authorities Budget Office ("ABO") has proposed a new rule which will codify Industrial Development Agencies' ("IDAs") existing website posting requirements under Section 859-a of the General Municipal Law ("GML"). The rule will require IDAs to post all policies and forms (both blank and project specific) to their websites. The ABO notes the proposed rule Read More »
SEC Expands Reporting Obligations of Tax-Exempt Bond Issuers and 501(c)(3)s and Other Tax-Exempt Bond Borrowers
The Securities and Exchange Commission ("SEC") announced on August 20, 2018, the adoption of amendments to Rule 15c2-12 of the Securities Exchange Act of 1934 (the "Rule") relating to debt and other financial obligations undertaken in a direct placement. Compliance with the changes will be required 180 days after publication of the amendments in the Federal Register. Read More »
Will N.Y. Law Banning Non-Disclosure Agreements Eliminate Their Use? UPDATED
Governor Cuomo recently signed into law new legislation that will reform New York's sexual harassment laws. Significantly, the reforms will: Prohibit mandatory arbitration for sexual harassment complaints (except in the case of collective bargaining agreements);Require every employer to adopt sexual harassment policies that meet minimum standards;Require every employer to utilize a sexual harassment prevention training Read More »
L. Micha Ordway is Elected to Bousquet Holstein Board of Managers
Bousquet Holstein PLLC is pleased to announce that attorney L. Micha Ordway has been elected by its members to serve on the firm's Board of Managers. Micha joined the firm in 2003 and is a member of the firm's Litigation Practice Group. Micha is an experienced litigator and has litigated matters in a broad spectrum of practice areas. His Read More »
Kevin M. Sayles Joins Bousquet Holstein
Kevin Sayles joins Bousquet Holstein as an Associate Attorney and focuses his practice on Business Transactions and Brownfield Tax Incentives. He is a native of the Central New York area having grown up in Sherrill, New York. Kevin earned his bachelor’s degree from Colgate University where he double majored in Mathematics and Economics. As part Read More »
Bousquet Holstein Establishes Public Finance Practice Group
Bousquet Holstein PLLC today announced the establishment of its Public Finance Practice Group with the arrival of Susan R. Katzoff and Jean S. Everett, as members, and paralegal Lori L. McRobbie. Our Public Finance team focuses on representing purchasers and governmental issuers of tax-exempt bonds and general obligation bonds in New York State and advising industrial development agencies and local development Read More »