BOMA DRIVES VALUE!

The mission of the Building Owners and Managers Association International is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research standards and information.

 
                        

Issue Overview

09/13/2017 4:52 PM | BOMA New Jersey (Administrator)

Thank you for your support of the commercial real estate industry’s issues. BOMA International members respectfully ask you to:

  • ·         Co-sponsor H.R. 620, “The ADA Education and Reform Act” which aims to curb

frivolous “drive by” lawsuits by imposing a notice and a cure opportunity before the commencement of a private civil action under the Americans with Disabilities Act (ADA).

Sponsors: Rep. Ted Poe (R-TX)

Rep. Scott Peters (D-CA)

  • ·         Support EPA’s ENERGY STAR® program in the FY18 Budget. While ENERGY STAR typically receives widespread bipartisan support, President Trump has proposed eliminating the program in the FY18 budget. This is short-sighted and would potentially cause widespread disruption to the commercial real estate industry. More than 40% of the industry currently uses ENERGY STAR and there is simply no private market replacement. As Congress moves forward with the appropriations process for FY18, BOMA asks that you to ensure that ENERGY STAR is fully funded.
  • ·         Support tax reform policies that encourage the long term health of commercial real estate and provide certainty and stability to the marketplace.

Comprehensive tax reform should maintain section 1031 “like-kind” exchanges and a low tax rate on capital gains, including carried interest, to incentivize investment. Tax reform should tie depreciation to realistic market data and allow for the continued deduction of interest.

BOMA Staff Contacts:

John Bryant-Vice President of Advocacy, Codes and Standards jbryant@boma.org, 202-326-6323

Emily Naden-Director of Federal Affairs enaden@boma.org,  202-326-6326

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