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
Publication Highlight

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
The U.S. Supreme Court recently ruled that a mandatory job transfer might be considered an “adverse employment action” under federal anti-discrimination law. Following this decision, which creates a lesser standard for employees bringing discrimination claims, employers can expect more HR and legal involvement in job transfers so as to not run afoul of Title VII of the Civil Rights Act of 1964.
Hannah Batsche
Associate
In an expected but still potentially paradigm-shifting move for employers, the Federal Trade Commission (FTC) has issued a “Final Rule” banning most noncompete agreements nationwide.
David Michael
Managing Partner
Chair, Human Resources and Employment Law Practice
The U.S. Department of Energy recently released the first federal blueprint to decarbonize the building sector, which accounts for over a third of the nation’s planet-warming greenhouse gas emissions.
Richard Reizen
Partner
Chair, Construction Practice
Hannah Batsche
Associate
On March 11, 2024, Judge Thomas M. Durkin of the U.S. District Court for the Northern District of Illinois granted plaintiffs’ motion for a preliminary injunction prohibiting the Illinois Department of Labor (DOL) from enforcing the “equivalent benefits” portion of Section 42 of the Illinois Day and Temporary Labor Services Act (DTLSA).
Gould & Ratner presents the next installment of our Construction Interview Series. As a continued effort to keep our clients informed of current trends in the construction industry, we will continue to periodically sit down with leaders at influential companies to discuss their insights.
Hannah Batsche
Associate
Throughout the past few years, the construction industry has been plagued with myriad issues, including supply chain constraints, labor shortages and material procurement problems, among others.
Richard Reizen
Partner
Chair, Construction Practice
Hannah Batsche
Associate
Effective December 31, 2023, Cook County’s new Paid Leave Ordinance will require employers to provide 40 hours of paid leave (i.e., leave that can be used for any reason) during a 12-month period.
David Michael
Managing Partner
Chair, Human Resources and Employment Law Practice
The Chicago City Council has passed an amendment to the new Paid Leave and Paid Sick and Safe Leave Ordinance that delays its effective date from December 31, 2023, to July 1, 2024.
David Michael
Managing Partner
Chair, Human Resources and Employment Law Practice
David Michael
Managing Partner
Chair, Human Resources and Employment Law Practice
On November 17, 2023, Gov. J.B. Pritzker signed HB3641, which delays the start date for the calculation of the 90 calendar days under the new equal pay and benefit section of the Illinois Day and Temporary Labor Services Act (DTLSA).
David Michael
Managing Partner
Chair, Human Resources and Employment Law Practice