Blog Revised California “Split Roll” Property Tax Initiative Formally Qualifies for November 2020 Ballot Backers hope to increase property taxes notwithstanding many closed businesses from pandemic-induced crisis. 06/01/2020
Blog California Bill Allowing Commercial Tenants to Renegotiate and Terminate Leases Advances in Senate California Senate Judiciary Committee passes SB 939; bill advances to Senate Appropriations Committee. 05/31/2020
Blog House Passes Paycheck Protection Program Flexibility Act 417-1 HR 7010 would ease restrictions for borrowers of PPP loans. 05/30/2020
Blog Nareit Joins Coalition Opposing California Legislation that Would Negate Many Commercial Leases SB 939 would allow many commercial tenants to defer rents for more than one year. 05/18/2020
Blog Nareit Joins with Other Groups Asking the Treasury Department to Clarify Temporary Like-Kind Exchange Relief The letter seeks clarification that the deadline extension relief be automatic but not mandatory. 04/20/2020
Blog Nareit Joins with Other Groups Asking the Treasury Department for Temporary Like Kind Exchange Relief Nareit is asking the Treasury Department to respond to the COVID-19 emergency as it has with past disasters. 03/23/2020
Blog Nareit Comments on Revised Section 337(d) Proposed “Built-in Gain” Regulations Comments recommend narrowing of IRS proposal to impose immediate tax on “built-in gains” upon mergers of non-REIT C corporations that have engaged in tax-free spin-offs into existing REITs. 05/13/2019
Blog Nareit and other Trade Associations Ask the Heads of the Tax-Writing Committees to Depreciate Energy Efficiency Costs Over 10 Years Proposal would encourage energy efficiency upgrades in both non-residential and residential properties. 05/10/2019
Blog Nareit Urges Congress to Co-Sponsor Legislation Restoring Depreciation Recovery Period for QIP Coalition calls for restoration of 15-year depreciation recovery period for Qualified Improvement Property. Bipartisan, bicameral legislation also would apply a 20-year recovery period if taxpayers elect out of the new interest deduction limitation. 04/29/2019
Blog Hawaii Senate Ways and Means Committee Passes Anti-REIT Bill Nareit continues to vigorously oppose Hawaii REIT legislation. 02/11/2019
Blog Nareit Submits Comments on Proposed Qualified Opportunity Zone Regulations The comments recommend clarifications regarding deferral of certain real estate gains and REIT capital gain dividends. 01/04/2019
Blog Nareit Submits Comments to IRS on Forms 1120-REIT and 8875 Suggestions meant to improve “the quality, utility, and clarity” of the information collected by the forms. 12/13/2018
