Alert, Carried Interest Tax--Action Needed
Split Roll Alert
SCAQMD Permit Amnesty Program
The Truth About Green Jobs and California
State Board of Equalization Annual Report
Alert, Carried Interest Tax--Action Needed -- Over the strenuous objections of the Real Estate Industry opposing the carried interest tax increase, the House of Representatives, without a vote to spare (215-204), passed H.R. 4213. The measure will tax the carried interest proceeds of real estate partnerships and LLCs at 50% ordinary income and 50% long-term capital gains for two years, then move to a 75/25 split. The U.S. Senate could bring up the bill, for another procedural vote as soon as Tuesday, July 20, which will be timed with the appointment of a temporary replacement for the late Senator Robert Byrd (D-WV), to give the bill its 60 vote threshold needed. It is critical for companies in the real estate industry to contact your Senators immediately and remind them of the economic harm brought about by this tax increase on commercial real estate partnerships. Please call 202-224-3121 and ask to be connected to your Senators' offices and register you opposition.
Here is a suggestion on the main message to get across. “I’m calling to ask the Senator to oppose the Carried Interest Tax proposal contained in H.R. 4213. It’s a proposal to double the tax on carried interest, which is commonly used in commercial real estate development. This is a “Main Street” issue that’s bad for the economy because it will further hurt job creation by hindering economic development and recovery.”
It takes only a couple of minutes to send a message to Senators Feinstein and Boxer, simply click here.
Split Roll Alert – There is still time to contact the members of the Assembly Appropriations Committee to urge them to NOT support AB 2492. Click here for an example opposition letter on AB 2492. Please contact the following legislators by clicking on the links below to send an e-mail or call or fax your message
Please look below for a link to your respective assembly members website:
Steve Bradford
Joe Coto
Mike Davis
Felipe Fuentes
Isadore Hall
Jose Solorio
SCAQMD Penalty Holiday – Permit Amnesty Program – Until August 4, 2010 businesses may obtain AQMD air quality permits without incurring late fees or violation penalties. For more information contact AQMD (909) 396-3385. Click here for an informational flyer.
The Truth About Green Jobs and California – Click here for a copy of the complete report written by Bill Watkins, Ph.D., of Cal Lutheran University and Joel Kotkin. Click here for a summary of the report prepared by the California Manufacturers and Technology Association.
State Board of Equalization Annual Report – Click here to review the recently released 2008-09 Annual Report.
