Nareit Developments Nareit Joins with Other Groups Asking the Treasury Department for Temporary Like Kind Exchange Relief Nareit is asking the Treasury Department to respond to the COVID-19 emergency as it has with past disasters. 03/23/2020
Nareit Developments Hawaii State Legislature Suspended Indefinitely All committee hearings and floor sessions are also cancelled. 03/20/2020
Nareit Developments Nareit Asks Treasury to Allow Public REITs to Use 90% Stock to Satisfy Their Distribution Requirement The IRS’ current guidance requires the mix of stock and cash to be 80%/20%. 03/19/2020
Nareit Developments Hawaii House Committee Holds Hearing on SB 2697 SD1 On Friday, March 13, the Hawaii House Committee on Economic Development and Business held a hearing regarding temporarily disallowing the REIT DPD. 03/16/2020
Nareit Developments Hawaii Senate Passes Temporary Disallowance of REIT Dividends Paid Deduction SB 2697 would temporarily disallow the REIT DPD, except when 100% of a REIT’s real property is used to provide affordable housing in Hawaii. 03/09/2020
Nareit Developments Welcome Reception for New Nareit Hawaii Office Attendees included member REITs, beneficiaries of Nareit Foundation grants for affordable housing, industry advocates, and policymakers. 03/06/2020 Image
Nareit Developments Nareit Backs Bipartisan Federal Legislation to Reduce Barriers to Affordable Housing in the United States The Yes in My Backyard Act encourages localities to eliminate discriminatory land use policies. 02/28/2020
Nareit Developments Nareit Submits Comments on Proposed Regulations That Would Limit Compensation Deductions for REIT Partnership Employees IRS private letter rulings issued before the 2017 bill confirmed that the prior limits on cash compensation did not apply to employees of partnerships that had corporations as partners, such as Operating Partnerships of UPREITs. 02/20/2020
Nareit Developments House Ways & Means Committee Discusses Corporate Income Tax On Feb. 11, the House Ways & Means Committee held a hearing titled, “The Disappearing Corporate Income Tax.” 02/15/2020
Nareit Developments Nareit Comments on Two SEC Proposals to Reform Proxy Rules Nareit’s commented on the SEC's proposed shareholder proposal amendments and its proposal to require greater transparency of proxy advisor firms. 02/03/2020
Nareit Developments REITs Highlighted at House Infrastructure Hearing Kevin Brady (R-TX), the top Republican on the House Ways and Means Committee, mentioned the exploration of REIT investment in infrastructure at a hearing last week. 01/31/2020
