BOMA Orange County Political Action Committee

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BOMA Orange County Political Action Committee BOMA Orange County Political Action Committee (PAC) improves the influence of the government on the commercial real estate industry.

AB 1435 – Tax Credit for Clean Up of Homeless EncampmentsCalifornia Business Properties Association (“CBPA”) in conjunct...
24/04/2025

AB 1435 – Tax Credit for Clean Up of Homeless Encampments

California Business Properties Association (“CBPA”) in conjunction with Sacramento Mayor McCarty and Assemblywoman Nguyen have jointly introduced AB 1435. The purpose of this bill is to provide property owners with a five (5) year tax credit which will cover 100% of the expenses a landlord expends in connection with the removal of homeless encampments. This will include the cost of waste removal, vandalism repair plus security improvements. If passed, this will be a HUGE benefit to property owners, especially those with properties in high density areas such as Los Angeles, San Francisco and Sacramento.

Read more: https://mailchi.mp/73fdaaa4db47/boma-oc-pac-news-bites-ab-1435-tax-credit-for-clean-up-of-homeless-encampments

Senate Bill 789 seeks to impose a “Vacancy Tax”on vacant commercial properties Read More: https://us17.campaign-archive....
18/04/2025

Senate Bill 789 seeks to impose a “Vacancy Tax”on vacant commercial properties

Read More: https://us17.campaign-archive.com/?u=0a03a70621a6062eca7376bad&id=2708e46adb

Senator Menjivar, a democrat out of Van Nuys, has introduced Senate Bill 789 which seeks to impose an annual vacancy tax on any commercial buildings in California that are vacant for 182 days at the rate of $5.00 per square foot. The bill does not differentiate between the different types of commercial properties. BOMA Orange County

Read More: https://us17.campaign-archive.com/?u=0a03a70621a6062eca7376bad&id=2708e46adb

The Upland Loophole ("ULA") and its ImpactRead More: https://mailchi.mp/384accfba6e4/boma-oc-pac-news-bites-the-upland-l...
18/04/2025

The Upland Loophole ("ULA") and its Impact
Read More: https://mailchi.mp/384accfba6e4/boma-oc-pac-news-bites-the-upland-loophole-ula-and-its-impact

You may recall that Measure ULA aka "United to House LA" was passed in 2022 and implemented in April of 2023. ULA is a real estate transfer tax that imposed a 4% tax on property sales between $5M and $10M and a 5.5% tax on property sales over $10M. UCLA has issued a very interesting report that asserts that ULA actually slowed commercial real estate development and threatens the revitalization of LA. Please read the article below for some very interesting and disturbing news. BOMA Orange County

Read More: https://mailchi.mp/384accfba6e4/boma-oc-pac-news-bites-the-upland-loophole-ula-and-its-impact

Voter's Guide on Propositions - California Business Properties Association ("CBPA") was kind enough to provide us with r...
17/10/2024

Voter's Guide on Propositions - California Business Properties Association ("CBPA") was kind enough to provide us with recommendations on the various propositions that will be on this year's ballot. These are based on what CBPA believes is in the best interest of the business and real estate community. Please view: https://mailchi.mp/a3b7f952d859/boma-oc-news-bites-voters-guide-on-propositions

Year End Legislative UpdateBOMA Cal has been working nonstop to (i) support bills that are in the best interest of comme...
11/10/2024

Year End Legislative Update
BOMA Cal has been working nonstop to (i) support bills that are in the best interest of commercial real estate; (ii) oppose bills that are detrimental to our industry; and (iii) negotiate revisions or "water down" those bills we know will be passed given the current state of the assembly in California. Read More: https://mailchi.mp/c200d44141de/boma-news-bites-year-end-legislative-update

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BOMA-OC Political Action Committee

Help us to ensure legislative seats are held by individuals who understand real estate’s issues and challenges and can have a positive impact on your livelihood.