Thursday, January 19, 2012
1:00 p.m. - 2:50 p.m.
Indian Wells

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

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 392 (Alejo) Posting of Staff Reports
b. SCA 7 (Yee) Public Meeting Notification
c. Bill Number to Be Determined, Debt Forgiveness
d. Other

2. Government Finance - J. Michael Roberts, Issue Chair

a. State Budget Update
b. ACA 4 (Blumenfield) Bonded Indebtedness Vote Threshold Reduction
c. Infrastructure Financing Districts

1. AB 485 (Ma) Infrastructure Financing
2. AB 910 (Torres) Infrastructure Financing
3. SB 214 (Wolk) Infrastructure Financing District

d. Other

3. Property Tax - Heide Wolf-Reid, Issue Chair

a. Bill Number to Be Determined, Property Tax Assessment Appeals Boards
b. Other

III. Federal Taxation Issues 

A. Commercial Investment

1. Commercial Building Asset Rating Program
2. FASB Lease Accounting Standards
3. Lead Paint RRP Proposed Rule for Commercial Buildings

B. Transaction Tax

1. 2012 Expiring Tax Provisions
2. NAR Housing Summit Issues

a. HOMEK
b. Merkley Tax Credit Proposal
c. Housing Ownership Voucher
d. Penalty-free IRA Withdrawals

3. Private Transfer Fee

IV. Other Business

V. Adjournment