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Construction Bulletin

Economic Development

Chris Hoskins Article Featured in "Modern Contractor Solutions"

The article he coauthored titled, "Contractor Beware: Do not let notice provisions doom your next project," can be found here: Contractor Beware Article

Christopher F. Hoskins is a Member in the Equine, Construction, Health Care, and Manufacturing industry groups, focusing primarily on commercial litigation. He practices out of the Firm’s office in Lexington, Kentucky. For more on Chris, click…

BUILD WV Act to Provide Tax Exemptions for Residential Building Projects

On March 30, 2022, West Virginia Governor Jim Justice signed the BUILD WV Act into law.  The BUILD WV Act, or House Bill 4502, creates tax exemptions for developers if they build residential areas in certain regions of West Virginia.  These tax exemptions include a potential municipality business tax exemption, a property value adjustment refundable tax credit for ten years, and a sales tax…

The Opportunities and Risks of Opportunity Zone Projects

Investments are now coming into federal “Opportunity Zones.” The Opportunity Zone program, ushered in by the Tax Cuts and Jobs Act, allows various benefits for investors who reinvest capital gains in these federally designated zones throughout the country. The effect (in theory) is that investment will flow into these areas, which are typically low-income or underutilized, and new projects and…

 

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