CALIFORNIA

S.F.'s largest landlord defaults on massive loan. What does it mean for the future of city's real estate?
San Francisco Chronicle
Veritas, San Francisco's largest and most controversial landlord, is scrambling to raise capital after defaulting on a $448 million loan. Last week, the Fitch Ratings reported that the property owner was in default on a $448 million loan, which is secured by a portfolio of 1,734 rent-controlled units in 62 buildings across San Francisco.

MINNESOTA

Minn. Bill Seeks To Nix Property Tax On Energy Storage Gear
Law360
Energy storage systems used by utility companies in Minnesota would be exempt from personal property tax under a bill introduced Tuesday in the state Senate…

PENNSYLVANIA

Time to change antiquated Pa. tax system, municipal league says
TribLIVE.com
In 1965, Lyndon Johnson was president of the United States, the country was involved in a war in Vietnam, and the Fab Four — The Beatles — held what many consider to be the first stadium rock concert in New York City.

RHODE ISLAND

RIPEC: Rhode Island has not kept pace with other states on tax reforms
PBN
As other states pass tax laws that improve their business climate, Rhode Island is falling farther behind, according to new analysis by the Rhode Island Public Expenditure Council. RIPEC in a recent policy brief analyzed the reasons behind Rhode Island's declining ranking in the Tax Foundation's 2023 State Business Tax Climate Index.

TEXAS

Saint-Gobain to Build $145M Facility in Texas
Commercial Property Executive
Saint-Gobain is planning on building a new manufacturing and distribution facility in Bryan, Texas, through its subsidiary CertainTeed. Construction is scheduled to start this year. While the development will take several years, the company did not offer an exact timeline.

WYOMING

Wyo. Sen. Bill Floats Capping Property Tax Valuation Jumps
Law360
Wyoming would cap the maximum increase of a property's taxable value at 5% from the previous year under a bill introduced Tuesday in the state Senate...

Wyo. Bill Would Make Child Care Facilities Tax-Exempt
Law360
Wyoming would exempt child care facilities from property tax under a bill introduced Tuesday in the state House of Representatives...