Gould + Ratner
House-Passed 21st Century ROAD to Housing Act: What Real Estate Professionals Should Know
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House-Passed 21st Century ROAD to Housing Act: What Real Estate Professionals Should Know

If it hasn’t already, the 21st Century ROAD to Housing Act may change how you think about acquisitions, development sites, public land, affordable housing capital, and single-family rental strategy.
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FinCEN Permanently Ends Beneficial Ownership Reporting for U.S. Companies and Will Delete Previously Filed Data
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FinCEN Permanently Ends Beneficial Ownership Reporting for U.S. Companies and Will Delete Previously Filed Data

On August 11, 2026, the Financial Crimes Enforcement Network (FinCEN) issued a final rule permanently eliminating the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA).
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Illinois Decouples from Federal QSBS Exclusion and Further Limits Corporate NOL Deductions
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Illinois Decouples from Federal QSBS Exclusion and Further Limits Corporate NOL Deductions

On June 16, 2026, Governor Pritzker signed Public Act 104-0468 into law. The Illinois Act makes two significant income tax changes: it decouples Illinois from the federal qualified small business stock (“QSBS”) gain exclusion under Code Section 1202 and further restricts the use of corporate net operating loss (“NOL”) carryover deductions.
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2026 Construction Forecast: The Only Thing Certain is Uncertainty
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2026 Construction Forecast: The Only Thing Certain is Uncertainty

As 2026 dawns, it is natural to consider the outlook for construction in the coming year.
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Publications

News
Events
Stiff Penalties Will Likely Force Compliance With GDPR

A sweeping new law aimed at protecting the privacy of people living in the European Union will likely force virtually all businesses – small and large – here in the United States to overhaul the way they collect and use personal information received and stored digitally, or face potentially huge fines.

The Senate and the House have each passed their own version of Tax Reform. In comparing the two bills there are many similarities, however, there are also many differences that will have to be reconciled as the two bills are merged into a single piece of legislation. It is unclear at this point how these differences will be resolved. However, the House did vote to go to conference with the Senate to reconcile the two bills.
Gerard Fellows
Partner
Chair, Tax Compliance Practice
An insidious and underreported aspect of the tax legislation winding its way through Congress this week is a provision that likely will meaningfully and negatively impact private equity transactions, the after-tax results of entrepreneurial activities, and other public and private business transactions.
Gerard Fellows
Partner
Chair, Tax Compliance Practice
Genetic modification is a process used for a myriad of purposes, including the cultivation of plant species that ultimately find their way into countless food products across the world.
In a groundbreaking decision, the federal appellate court in Chicago has held that employers are not required under the Americans with Disabilities Act(ADA) to provide an employee with a long-term medical leave of absence after the employee has exhausted all of his or her leave under the Family and MedicalLeave Act (FMLA).
David Michael
Managing Partner
Chair, Human Resources and Employment Law Practice

The Office of Management and Budget (OMB) has announced an immediate stay and review of an Obama-era policy requiring pay information to be included on form EEO-1. The revised form was set to take effect with the next filing cycle in March 2018.

The Equal Employment Opportunity Commission (EEOC) has always required companies to report data on the race and gender of their employees, but this impending new rule expanded that requirement to provide wage and hour data for the employer’s entire workforce, divided into 12 separate pay bands designated by the EEOC. The policy was applicable to private employers with 100 or more employees and federal contractors with 50 or more employees. By collecting data to identify patterns of pay discrimination across industries and occupations, the Obama administration had hoped the policy would help close the wage gap and ensure equal pay among all groups of people.

Remember last November when a federal judge put a temporary hold on significant changes to federal labor laws affecting millions of workers and their employers?
Two new local ordinances requiring employers in Cook County or Chicago to provide paid sick leave take effect on July 1, 2017.
David Michael
Managing Partner
Chair, Human Resources and Employment Law Practice
Eric Sparks examines freedom of contract and the rule of law in the jurisprudence of merits-based review of arbitration awards in construction matters.
Eric Sparks
Partner
The U.S. Court of Appeals for the Seventh Circuit (in Chicago) ruled on April 4, 2017, that Title VII of the Civil Rights Act of 1964 – which prohibitsworkplace discrimination based on race, color, religion, sex or national origin – includes discrimination based upon an employee’s sexual orientation.