Cook County expands incentives for real estate
The Cook County Board of Commissioners, on recommendation of the Cook County Assessor, recently adopted amendments to the Cook County Real Property Classification Ordinance, which expand the availability and benefits of several of the existing tax incentives.
Editor’s note: the “Green Sheet” is no longer green
For those of you who thought the "Green Sheet" for a closing could be completed at closing, think again. Starting January 1, 2000 the sheet is no longer green, and it is labeled Form "PTAX-203."
The City of Chicago administrative hearing process is commenced by issuing a ticket.
ISBA State and Local Taxation Section Council Legislation Subcommittee phone conference of March 31, 2000
1. Participating were; Joanne Elliott, Tim Moran, James Chipman, Thomas Battista, Louise Calvert, Mary Ann Connelley, Mark Davis, Tom Jaconetty, John Norris, Bill Seitz, Iris Sholder,.
ISBA State and Local Taxation Section Council minutes from meeting of April 7, 2000
1. In attendance at the meeting in Springfield were: Joanne Elliot, Stan Kaminski, Tim Moran, Mark Davis, Jim Chipman, Mary Ann Connelley, Lisa Marino, Mary Nicolau, Dwight O'Keefe, John Norris, Bill Seitz, Iris Sholder, and Dwayne Staats. John Locallo was present via phone link.
Real Estate Transfer Tax Law: implementation of Public Act 91-555
Public Act 91-555, which amends the Real Estate Transfer Tax Law, takes effect on January 1, 2000. (See 35 ILCS 200/31-1 through 31-70.) This act makes changes in the content of transfer declarations and authorizes the use of electronically produced transfer declarations approved by the department.
Thoughts on the MDP
Multidisciplinary Practice ("MDP") is the most important issue affecting our profession. Indeed it may be the most significant issue facing the legal profession in decades.