DC Updates: Land Real Estate News

DC Updates are your source for the latest legislative news in the land real estate industry. These updates are to keep land professionals informed about the issues that matter most to them and impact their business.

Why the “Waters of the U.S.” case matters

Farmers, some whose families have owned and managed their property for generations, are now facing difficulties managing their own land.  The government’s ability to claim a property falls under Waters of the US means the owner may be required to get a federal permit before they can do common tasks like plowing their own field. The looming U.S. […]

President Obama’s Administration Continues Its Quest to Limit the Ability to Defer Income Under IRC § 1031

The Obama Administration continues its efforts to limit the use of Tax Deferred 1031 Like-Kind Exchanges. In their 2017 budget proposal, the Obama proposed a one million dollar limit on both real and personal property exchanges. The REALTORS® Land Institute advocates strongly that these exchanges are a vital contributor to the entire real estate industry and […]