2016 Leases Liability 
Construction Business Owner
JUNE 1, 2022
The Impact of ASC 842 – The New Lease Standard Is Here. It is time for contractors to get serious about the new accounting lease standard. It is time for contractors to get serious about the FASB ASU 2016?02 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB).
Green Building Law Update
DECEMBER 3, 2017
The European Union has gone in another direction with the 2016 General Data Protection Regulation , applicable as of May 2018, updating and modernizing the principles enshrined in the 1995 Data Protection Directive which guarantee individual privacy rights in one’s personal data including “the right to be forgotten.”
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Green Building Law Update
JUNE 25, 2017
In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder acknowledgment of a PACE loan is required.
Green Building Law Update
SEPTEMBER 11, 2016
However, as I wrote in this blog on July 24, 2016, HUD Jumpstarted Financing For Homes , reversing their previous position and now widely allowing residential PACE loans. It is clear that in 2016 there will be more of them across Maryland including hopefully in Baltimore and ideally across America.
Green Building Law Update
JANUARY 24, 2016
In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. Commercial PACE programs are still very new.
Buisness Facilities Contributed Content
MARCH 8, 2016
For FY16 (July 1, 2015 through June 30, 2016) EDD has received an appropriation of $50 million in LEDA CO. The credit may be applied against the taxpayer’s gross receipts tax liability or compensating tax liability. LEDA funds are provided on a reimbursable basis only. TAX INCENTIVES. Five-Year Policy Changes: Year. Appointment.
Buisness Facilities Contributed Content
MARCH 8, 2016
Loan funds may be used to finance real estate, machinery and equipment and for the purchase or leasing of equipment. Total credits are limited to $2 million in any per calendar year for 2013-2015 and $500,000 per calendar year for 2016 and 2017. The term of the loan will vary depending on the loan purpose with a maximum of 15 years.
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