Thursday, March 15, 2012

BOMA International Advocacy Update - Tax Extenders Attempt Fails, Green Leasing Webinar and Lead Regulation


BOMA San Francisco Members:

Please take a moment to review a brief advocacy update from our BOMA International Team:

Attempt to Add Tax "Extenders" to Senate Transportation Bill Fails

Earlier this week the Senate began its consideration of Surface Transportation Bill S.1813. During the debate, Senator Pat Roberts (R–Utah) proposed an amendment that included, among other things, an extension for 2012 of the package of tax "extenders" that expired at the end of 2011 and includes the 15–year timeline for depreciating leasehold improvements. Though the amendment failed by a vote of 41–57, it raises the visibility and urgency for tax certainty. BOMA International will continue to push for an extension of this provision and explain the need for passing the "extenders" as soon as possible. 

DOE Presents Free Green Leasing Webinar 

On March 26, the U.S. Department of Energy (DOE) will host a free webinar on tools and best practices for implementing green leasing strategies. This webinar showcasing green leasing as a market solution to improve building energy efficiency is targeted to a broad audience, from building owners and tenant organizations to lawyers and building raters. The webinar will introduce a new green leasing library website offering a one–stop shop for green leasing resources, developed in coordination with BOMA International, the Rocky Mountain Institute, the Natural Resources Defense Council, the U.S. Department of Energy, New York University, the U.S. General Services Administration and the Institute for Market Transformation.  

Click here to register.

Senate Legislation Would Limit EPA’s Regulation of Lead

On March 1, Sen. James Inhofe (R–Okla.) introduced S. 2148, the "Lead Exposure Reduction Amendments Act of 2012," to amend the Toxic Substances Control Act relating to lead-based paint renovation and remodeling activities. The intent of the legislation is to clarify some outstanding issues related to recent regulations that have already gone into effect for residential real estate and to apply them to any future rulemaking for commercial buildings. The legislation would also prohibit the U.S. Environmental Protection Agency (EPA) from proposing any new regulation applicable to target housing or commercial and public buildings until the EPA conducts a study demonstrating the need for such an action. BOMA hopes to see a companion bill introduced in the House of Representatives within the next month.

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