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BOMA OF GREATER PHOENIX 2018 ADVOCACY AGENDA

1. SUPPORT AND RETAIN PROPERTY TAX REFORM TO MAKE OUR STATE MORE ECONOMICALLY COMPETITIVE

  • Support any measure to further cut the property tax burden on commercial property, especially if the measure is applied across all commercial properties such as lowering the assessment ratio from 18% to 15% or elimination/suspension of the state equalization rate. 
  • Support measures to make K-12 financing more equitable among school districts in the appropriate use of the property tax mechanism which would include support for the elimination or phase-out of antiquated funding measures.

2. OPPOSE MANDATED COMMERCIAL REAL ESTATE COST INCREASES

  • Fight any measure that increases existing costs to the commercial real estate industry. This includes but is not limited to the imposition of new taxes, new fees such as a regressive utility usage fee for electricity or the loss of existing tax exemptions or credits.
  • Also of concern is the imposition of a new statewide property tax or an increase in the State Qualifying Tax Rate (QTR) especially if it does not include a reduction in the assessment ratio or reductions in inequitable K-12 secondary taxes.
  • Of concern is an expansion of the sales tax to include currently exempt services from the State base such as commercial leases.
  • Fight any measure to reverse or un-do the 18% assessment ratio reduction savings for commercial property passed into law in 2011 (HB2001). This opposition includes measures to shift valuation increases to commercial properties, to further rifle-shot a 5% assessment ratio to selected taxpayers or expand existing military re-use zone property tax benefits that all favor some taxpayers over others while shifting property taxes to the rest of the commercial real estate community.
  • Continue opposition to the imposition of environmental audit reporting for commercial buildings. 
  • Oppose any local regulatory ordinance that places an undo burden on commercial real estate owners especially if advanced without appropriate stakeholder input. This would include municipal proposals to increase building retrofit costs such as compliance with the use of new pressurized fire hoses for high rises.

3. SUPPORT PROPERTY TAX SIMPLIFICATION AND TRANSPARENCY

  • Support any measure to bolster “Truth in Taxation” which keeps public pressure on all taxing units to keep their levies in line by publicly disclosing the specific burden of each entity upon all taxpayers.
  • Support regulatory reform measures to streamline and create more accountability for bonding election processes and to further simplify the valuation or property tax appeal processes for the county assessors.

4. SUPPORT EFFORTS TO RESPONSIBLY RETAIN TOOLS IN THE ECONOMIC DEVELOPMENT TOOL BOX

  • Protect authority for and ensuring the responsible and appropriate use for vital economic development tools such as the Government Property Lease Excise Tax (GPLET) so long as the program remains tied to job creation/strong public benefits test in urban and blighted areas. This includes involvement in stakeholder discussions surrounding responsible and appropriate “slum and blight” definitions.
  • Support the creation of viable economic development tools lead by the Governor’s Office in conjunction with state legislative leadership. Viable means does not negatively impact without mitigation the State Qualifying Tax Rate (QTR) or State General Fund (GF).

5. SUPPORT EFFORTS TO STREAMLINE OUR ONEROUS AND UNCOMPETITIVE SALES TAX SYSTEM

  • Support a change to the prime contracting law from taxation at the point of construction to the point of sale. This would also pave the way for elimination of the spec builders tax and the local commercial lease tax should the “Market Place Fairness Act” to tax remote internet sales pass Congress.

6. SUPPORT EFFORTS TO IMPROVE OUR K-12 EDUCATION SYSTEM AND INSURE MORE ACCOUNTABILITY

  • Support school finance proposals to eliminate disparities among districts that drive litigation. In general, support stronger performance standards and proposals that get more resources in the classroom.
  • Be open to a ballot referral from Legislature to continue Prop 301 sales tax so long as appropriate accountability measures are included.

7. SUPPORT EFFORTS TO LESSEN ONEROUS LITIGATION TO MEMBERS

  • Support further legislation to allow CRE firms to “cure” deficiencies when complying with the ADA before lawsuits can be filed in state courts along with favorable tax treatment to help building owners finance compliance.

MONITOR AGENDA/NEUTRAL POSITION:

  • PROP 13 PROPERTY TAX LIMIT BALLOT INITIATIVE Monitor any ballot initiative to cap property taxes for either homeowners or businesses and the resultant loss of revenue to fund schools and the potential for a tax shift to business.
  • CONSTRUCTION LIEN REFORM Monitor efforts to prevent sub-contractors from suing landlords if a tenant is delinquent on tenant improvements.
more Calendar

7/19/2018
Green Buildings Committee

7/24/2018
Media & Marketing Committee

7/24/2018
Bowling

7/26/2018
Engineer Committee

8/1/2018
TOBY Committee

Mission Statement

Building Owners and Managers Association of Greater Phoenix mission is to advance a vibrant commercial real estate industry through advocacy, influence and knowledge.

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