Up for consideration will be the already-expired 15-year leasehold depreciation provision, which is included in a larger package of business tax extenders. Also on the agenda is the Terrorism Risk Insurance Act (TRIA), which is set to expire at the end of 2014 if Congress fails to act on legislation to extend the federal backstop program. BOMA is continuing to work with its partners in the Coalition to Insure Against Terrorism (CIAT) to urge Congress to pass a multi-year reauthorization of the program immediately. The Senate already passed a seven-year extension of the program by an overwhelming 93-4 vote back in July.
We urge you to visit BOMA International’s Legislative Action Center today and write Congress to request renewal of both these important policies.