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BOMA GREATER PHOENIX SAVES MEMBERS $50M+ IN 2018

 

BOMA of Greater Phoenix had a major victory during the 2018 state legislative session by amending the archaic prime contracting law for MRRA especially as it relates to the tax treatment of alterations and improvements.  Originally the bill, SB 1409, was written to exclusively benefit the cities and general/sub-contractors at the expense of CRE owners as it would have raised taxes on owners $50M per year.  AMA and BOMA fought this tax increase windfall and we struck a more fair compromise where the changes in TPT tax law will either be revenue neutral or a slight tax cut for owners while at the same time providing clarity and more simple compliance on alterations/improvements for general and sub-contractors. This bill was passed the last night of session by wide margins and was signed into law by Governor Doug Ducey on May 16th, 2018.
more Calendar

6/26/2018
Media & Marketing Committee

6/26/2018
WORKSHOP: Make Any Network Yours (M.A.N.Y.)

6/28/2018
Engineer Committee

7/3/2018
Speakers & Programs Committee

7/4/2018
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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