The pandemic and the slowdown in the economy has not slowed down cities from trying to increase taxes and in particular taxing property owners. The City of Palo Alto is revisiting tax increases.
President Joe Biden has unveiled two momentous plans that are part of his “Build Back Better” agenda. Costs to fund the American Jobs Plan and the American Families Plan could result in consequential tax changes and have a tremendous impact on CRE.
NAIOP remains active with our coalition of partners to ensure amendments are made to AB 255, the Small Business ‘Commercial’ Eviction Bill.
Although not related to Silicon Valley or the Bay Area (yet), industrial and warehouse owners in SoCal are fighting a proposed Warehouse Indirect Source Rule (ISR) by the South Coast Air Quality Management District’s (SCAQMD). NAIOP Silicon Valley supports the opposition of this proposed bill as outlined in a letter submitted by
The new state bill, AB 1547 , targeted at warehouses is in development that will make it increasingly difficult to operate any type of industrial warehouse or logistics center in the state.
The state passed SB 91, a program to designate $2.6 billion in federal aid to qualifying residential landlords and tenants to pay unpaid rental that was accrued between April 1, 2020 – March 31, 2021.