Thursday, May 3, 2012
1:10 p.m. - 2:50 p.m.
Sacramento
Mission Statement: This Committee is a Policy committee. Its mission is to develop C.A.R.'s government finance and taxation policy. It has original jurisdiction to evaluate legislation and regulation in the following issue areas as they relate to real estate:
Commercial Investment
Government Finance
Property Tax
Transaction Tax
Presiding:
Ted Loring, Chair
Hal Alpert, Vice-Chair
Issue Chairs:
Judy Ellis, Transaction Tax
J. Michael Roberts, Government Finance
Scott Swendiman, Commercial Investment
Heide Wolf-Reid, Property Tax
Liaisons:
Patricia Bouie Hinds, C.A.R. Executive Committee Liaison
Mike Vachani, NAR Committee Representative, Commercial
Leigh Rutledge, NAR Committee Representative, Federal Taxation
C.A.R. Staff:
Christopher Carlisle, Legislative Advocate
Matt Roberts, Federal Government Affairs Manager
I. Welcome and Opening Comments - Ted Loring, Chair
II. State Taxation Issues
A. Discussion/Reporting Items:
1. Transaction Tax - Judy Ellis, Issue Chair
a. AB 2225 (Perea) Debt Forgiveness
b. Recording Fees
1. AB 1950 (Davis)
2. SB 1220 (DeSaulnier)
3. SB 1342 (Emmerson
c. AB 1963 (Huber) Service Tax
d. Other
2. Government Finance - J. Michael Roberts, Issue Chair
a. Fire Prevention Fee
1. AB 1506 (Jeffries)
2. AB 2474 (Chesbro
b. SB 1168 (Calderon) Homebuyer Tax Credit
c. Infrastructure Financing/Community Benefit Districts
1. AB 2551 (Hueso)
2. SB 949 (Vargas)
d. Vote Threshold Reductions
1. ACA 21 (Feuer
2. ACA 23 (Perea)
e. Other
3. Property Tax - Heide Wolf-Reid, Issue Chair
a. AB 1590 (Campos) Assessment Appeals Boards
b. Property Tax Deductions
1. Franchise Board Property Tax Deduction Compliance Program
2. AB 1552 (Silva)
c. AB 1700 (Butler) Change in Ownership of a Co-tenancy Interest
d. Other
4. Commercial Investment - Scott Swendiman, Issue Chair
a. Nonresidential Building Energy Use Disclosure Program: Implementation of AB 1103 (Saldana, 2007)
b. Other
III. Federal Taxation Issues
A. Action Items
1.Use of Retirement Funds for Home Purchase (IBP)
B. Report & Discussion Items
1. Commercial Investments
a. Commercial Asset Rating Program (IBP)
b. FASB Lease Accounting Standards
c. Environmental Protection Agency CO2 Ruling
2. Transaction Tax
a. Private Transfer Fee
b. Federal Tax Issues Update: Linda Goold, NAR Tax Counsel
IV. Other Business
V. Adjournment
