article thumbnail

Seventh Circuit examines "pay-if-paid" provision

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. Fidelity had issued a payment bond, but Fidelity refused to pay after the owner declared bankruptcy, and BMD sued Fidelity. The court held that it did not -- that the surety's liability is no greater than that of its principal. Copyright Notice. Disclaimer.

article thumbnail

constructionattorneyblog: New York court holds that contractor.

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company.   Chapeau filed bankruptcy. Unlimited liability for designers and contractors. Goodman has also worked on appeals and appeared before appellate courts. Copyright Notice. Copyright 2005-2012 Sabo & Zahn, all rights reserved. Disclaimer. Subscribe to this blogs feed.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

constructionattorneyblog: Waivers of liens: fraud

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. Unlimited liability for designers and contractors. Copyright Notice.

Lien 40
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

Property Tax Abatements: The Tax Incentive Reform Act of 1992 (TIRA) allows qualified industries to receive abatements of non-educational property taxes for new businesses locating to Alabama and for expansions of existing facilities in Alabama. The combined state and local millage rate would then be applied to the assessed value.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

Income 75