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Dormant Commerce Clause Can Restrict Short-Term Rental Restrictions

The United States Constitution gives Congress the power to regulate commerce between the states.[1] For more than 150 years, the United States Supreme Court has recognized that grant of power to contain a silent, negative implication known as the “Dormant Commerce...

Buyer Beware: FIRPTA

By John D. Belkin, Garfield & Hecht, P.C. The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) imposes a tax on capital gains recognized by foreign persons from the sales of real property interests located in the United States.  Where the seller...