Posted on December 27, 2017
On November 30, 2017, the U.S. House of Representative passed H.R. 3017, the Brownfields Enhancement, Economic Redevelopment and Reauthorization Act of 2017, which would allow up to $250 million annually to clean up brownfield sites during 2018-2022. The legislation, sponsored by Congressman David McKinley (R-WV), seeks to assist communities in restoring the contaminated land to productive use.
Posted on December 19, 2017
Last Friday, House and Senate negotiators came to an agreement on what is sure to be far-reaching reform of our existing tax code. The Tax Cuts and Jobs Act will be voted on this week and is expected to pass and be signed by President Trump.
Posted on December 8, 2017
NAIOP's legislative team is committed to keeping you informed throughout this historic tax reform legislative process with progress updates and what the legislation means for the commercial real estate development industry.
Posted on November 16, 2017
Last Thursday, the Senate Finance Committee released draft tax reform legislation that they will move through committee later this week. The Senate bill was released after the House Ways and Means Committee passed its version of tax reform earlier that day.
Posted on November 3, 2017
House leaders took a significant step forward with tax reform efforts on Thursday with the release of the Tax Cuts and Jobs Act, H.R.1, which includes an expansive set of proposed changes to the corporate and individual tax system.
Posted on October 23, 2017
REBIC has put together an Election Guide to help you cast your vote for candidates who support the real estate industry.
Posted on October 9, 2017
Below are some details on the recently released Unified Framework for Fixing Our Broken Tax Code, in which the Trump administration and congressional Republican leadership have outlined chief areas of agreement for tax reform legislation.
Posted on October 6, 2017
Lawmakers in the House and Senate say they’re determined to pass a sweeping tax reform bill this year. But first, for procedural reasons, both houses need to pass a Fiscal Year 2018 budget. FY 2018 began on October 1.
Posted on September 25, 2017
Lawmakers are focusing their attention on tax reform this month. The Senate Finance Committee will hold a hearing this week to collect testimony about business tax reform proposals. That follows a similar session last week to discuss individual reform.
Posted on September 21, 2017
With 24/7 coverage of ongoing global events dominating the news cycle, it's easy to lose sight of what's happening with U.S. legislation critical to our industry.
Posted on September 12, 2017
On Thursday, September 7, the United States Senate voted to pass a three-month extension of the National Flood Insurance Program (NFIP). The House of Representatives is expected to pass the legislation on Friday, September 8, 2017, and the President is expected to quickly sign the bill into law later in the day.
Posted on September 6, 2017
The future of tax reform remains unclear as Labor Day approaches. However, the White House is indicating it plans to step back and allow lawmakers to take the lead this fall. “The White House does not plan to release its own version of a tax reform plan and will instead leave that to the congressional leadership and the major tax-writing committees,” Politico reports, citing an administration source.
Posted on September 6, 2017
Early Voting Now Underway for Charlotte’s Primary Election! Early Voting is now underway in the City of Charlotte’s September 12th Primary Election, with nine convenient polling sites around town. Click here to find out where and when you can vote. To see which candidates support the priorities of the real estate industry, click here. Completed candidate questionnaires are posted on the REBIC website.
Posted on August 23, 2017
In a press conference last Tuesday, President Donald Trump announced his latest executive order, which addressed infrastructure permitting. Though the event ultimately devolved into a controversial discussion about the tragic events in Charlottesville, the order offers some insight into the administration’s strategy on infrastructure policy.
Posted August 9, 2017
The House Transportation and Infrastructure Committee last week voted unanimously to advance H.R. 1758, the Brownfields Reauthorization Act of 2017. As its name suggests, the legislation would formally reauthorize the brownfields program for the first time since 2006, when authorization for the program expired. Congress had continued to appropriate funds despite a lack of authorization, but at varying and often decreased levels. Reauthorization provides supporters of brownfields redevelopment efforts with added leverage in future funding fights. H.R. 1758 makes important adjustments to the program, giving states added flexibility in spending brownfields grant funds, and expanding the universe of eligible grant recipients to include non-profit groups.
Posted on August 8, 2017
Written by Thomas J. Bisacquino
Posted on August 8, 2017
Fulfilling a portion of an executive order by President Donald Trump, the EPA and U.S. Army Corps of Engineers have released a proposal to rescind the Waters of the United States rule that expanded federal jurisdiction under the Clean Water Act.
Posted on July 28, 2017
Republican leaders are trying to pass a budget before the House of Representatives goes on recess at the end of the week. The proposal would “set the stage for a potential $203 billion rollback of financial industry regulations, federal employee benefits, welfare spending and more,” The Washington Post reported.
Posted on July 14, 2017
Congress returns from their July 4 recess this week, with the Senate consumed by the debate over their version of healthcare legislation meant to repeal and replace the Affordable Care Act. While Senate Majority Leader Mitch McConnell had hoped to pass a healthcare bill prior to the July 4 recess, he will now will try to accomplish that prior to the six-week summer recess beginning in August. Senator McConnell has begun to hint that goal may not be attainable, however, because of divisions within the Republican caucus.
Posted on July 10, 2017
With health care legislation moving along, House Speaker Paul Ryan is eager to pivot to tax reform. During a June 20 speech at the National Association of Manufacturers, the speaker discussed the GOP Blueprint for Tax Reform. He said the plan will eliminate certain taxes, including the Alternative Minimum Tax, and vows it will “clear out special-interest carve outs and excessive deductions, and focus on keeping those that make the most sense: home ownership, charitable giving, and retirement savings.” Finally, he promised to use the savings from closing loopholes to decrease tax rates.
