The Chapter actively participates in the work of the California Business Properties Association (CBPA), the designated legislative advocate for the NAIOP of California and other industry associations. CBPA represents over 10,000 members, making it the largest consortium of commercial real estate professionals in California.
The Government Affairs Committee helps to shape our chapter activities through legislative contacts, educating our membership on the legislation that confronts our industry, and liaising with NAIOP’s San Francisco, Sacramento and D.C. lobbyists.
For the latest updates, visit the Legislative News section of the website. There you will find the weekly updates provided by our Sacramento lobbyists as well as a one-page summary curated by this committee to keep our members informed.
Government Affairs Committee Co-Chairs:
Tess Brandwein, Shartsis Friese LLP
Justin Shapiro, Long Market Property Partners, LLC
Prop 15 Will Kill Prop 13
The proposition numbers for November’s election have been released, and the Split Roll Property Tax Measure pushed onto the ballot by public employee unions and far left activists has been numbered Proposition 15.
Proposition 15 is aimed directly at you and your business and during one of the worst health crises ever seen, precipitated one of the worst recessions, this measure would enact an $12.5 Billion PER YEAR tax on commercial property in California.
Think about that. The largest property tax increase ever. $12.5B per year, every year on your properties. When many of you are no longer receiving rent payments.
Click here to learn more about the flaws in Proposition 15, how it will kill California’s economy, and diverse interests from Former Speaker Willie Brown, to the California Assessors Association, to former State Senate Majority Leader Gloria Romero, oppose this measure.
Congress should pass legislation that restores the original intent of the Tax Cuts and Jobs Act, and allows businesses to recover investments in Qualified Improvement Property over a period that reflects the true economic life of the asset. Restoring the preferential tax treatment of incentives offered by public entities ensures that local investment dollars are fully leveraged, and that these funds are appropriately directed towards much-needed development projects.
Infrastructure and Transportation
NAIOP supports increased investment in our nation’s infrastructure and transportation systems. We favor direct federal support and investment for transportation and infrastructure projects of national importance, a streamlined and transparent regulatory environment, and fair tax treatment of foreign investment in infrastructure projects. The use of public-private partnerships (P3s) should be increased to provide additional funding sources for infrastructure development.
Energy Efficiency and Environment
Federal legislation advancing building code efficiency goals should be based on economic and technological feasibility. Incentive-based and voluntary approaches to advancing energy efficiency, such as EPA’s Energy Star Portfolio Manager, should continue. NAIOP supports commonsense reforms to the Endangered Species Act (ESA), which codify and incentivize voluntary conservation efforts, and curb abuse of the Act by reducing instances of false reporting.