Michael L. Wiener

Apr 8, 2024 | mondaq.com | Michael L. Wiener |Denise Ganz |Vlad Popik

The Florida Legislature recently amended Section 255.065, Florida Statutes (P3 Law) pursuant to House Bill (HB) 781, which is expected to become effective on July 1, 2024. HB 781 provides responsible public entities (e.g., counties, cities, special districts and certain regional entities) with a new, alternative process for accepting unsolicited public-private partnership (P3) proposals.

Apr 8, 2024 | mondaq.com | Michael L. Wiener |Denise Ganz |Vlad Popik |Lisa Ann Barkovic

The Build America Bureau (Bureau) of the U.S. Department of Transportation (DOT) released on March 11, 2024, a Notice of Funding Opportunity for the new Innovative Finance and Asset Concession Grant Program (IFACGP). The IFACGP is authorized by the Bipartisan Infrastructure Law that was passed by Congress and signed into law on Nov. 15, 2021.

Mar 26, 2024 | mondaq.com | Michael L. Wiener

Many in the real estate industry are familiar with the term cost segregation study. A cost segregation study identifies components within buildings that can be depreciated over shorter periods than the 27.5 and 39-year periods that typically apply to real estate. This allows taxpayers to defer taxes through accelerated depreciation deductions. Many components identified in a cost segregation study are eligible for bonus depreciation.

Jul 10, 2023 | mondaq.com | Vlad Popik |Michael L. Wiener

The Florida Division of Bond Finance published a notice (the Notice) on June 29, 2023, providing guidance on Florida House Bill Three (HB 3), which was signed into law on May 2, 2023, by Gov. Ron DeSantis. HB 3, in part, restricts the use of environmental, social and corporate governance (ESG) factors in connection with municipal debt issuances within the state of Florida.