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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

Taxes

HEALTH CARE TAX ON REAL ESTATE

July 30, 2010

The rumor you have heard that the new federal healthcare law imposes a tax on real estate transactions is true. However it might not be as bad as first reported. Our friends at Marcus & Millichap looked into the issue and report that the bill does NOT call for tax on all real estate transactions as many had feared. Instead, the bill imposes a More »

HIGH PROPERTY TAXES WASTED

In a sad anecdote that bolsters the worry that increased revenue to government from increased property taxes from schemes like split roll will not be spent wisely, AP reports that the City of Bell, where excessive salaries for city employees has become scandalous, has the second-highest property tax rate in L.A. County. Residents and businesses in More »

ENHANCED DEPRECIATION PROPOSAL

Our friends at ICSC report that Congresswoman Shelley Berkley (D-NV) introduced H.R. 5943, the Community Renewal and Enhancement (CRE) Act, legislation to allow a fifty percent (50%) depreciation for the portion of any equity investment used to buy down debt on commercial real property. This is something that is highly supported by our industry and More »

UNCOLLECTED SALES TAX HURTS RETAIL REAL ESTATE INDUSTRY

An op/ed penned by our very own Rex Hime, explains how what was once a useful and needed policy has become an anachronism that is hurting sales tax revenues in California. Thanks to a U.S. Supreme Court ruling issued years before Internet commerce was prevalent, online retailers do not collect state sales taxes, but instead place the burden of reporting More »

Ab 2492 Legislative Vehicle For Split Roll?

May 6, 2010

Here is a press release from Assemblymember Tom Ammiano (D-San Francisco) touting his desire to change Proposition 13 and create a split roll.  More »

AB 2640 Proposes Repeal Of Like Kind Exchanges

May 5, 2010

It is estimated that AB 2640 is at least a $350 million tax increase on our industry. A recently introduced piece of legislation in California is causing much consternation in the real estate industry. If enacted, AB 2640 (Arrambula; D – Fresno) would repeal Internal Revenue Code Section 1031, for California income tax purposes. The repeal would More »

Legislative Attacks On Prop 13 Continue

May 4, 2010

In politics no bad idea is ever truly dead. Hardcore believers that raising property taxes is a good thing are undaunted by their leader’s better judgment and are looking for other avenues of approach. Rumor has it that an Assemblymember from San Francisco has agreed to champion split roll in the Legislature and will carry the battle cry that “business More »

Ballot Attack On Prop 13 Averted – For Now

As we have previously announced, efforts to push two propositions to gut Proposition 13 protections for commercial real estate have been put on hold for 2010. The facts are clear that because we alerted, informed, and energized our industry, created a broad coalition, and raised early money, proponents of the measures saw a very tough campaign ahead. Californians More »

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