CCIM Institute Members Advocate for Legislative Initiatives on Capitol Hill
CCIM Institute members from across the U.S. participated in the annual Capitol Hill Visits on May 18, held during the National Association of REALTORS Legislative & Trade Expo in Washington, D.C. "It was great to see a large group of commercial brokers with the CCIM pin in the meetings, networking events, and most importantly the Capitol Hill Visits,” said Chad Gleason, CCIM, 2018 Government Affairs Committee Vice-Chair. “I am very proud to wear this pin and to lobby for all that it represents.”
Talking points for the Capitol Hill Visits encompassed several tax policy points, including the extension of the Section 179D deduction, the reauthorization and reform of the National Flood Insurance Program, support for net neutrality and the inclusion of sexual orientation and gender Identity in the Fair Housing Act.
The Section 179D deduction: This incentivizes energy efficiency in the construction and rehabilitation of commercial buildings in a way that is both good for the environment and for commercial real estate. As part of the Bipartisan Budget Act that was passed in February, Section 179D was retroactively extended through Dec. 31, 2017. Members encouraged Congress to extend this deduction.
National Flood Insurance Program: Congress was urged to pass National Flood Insurance Program reform to include private market reforms and ensure accurate flood maps to allow for building-specific risk assessments. The NFIP is currently set to expire on July 31, 2018, and members encouraged program reauthorization to avoid a lapse.
Net Neutrality: Members also urged Congress to support strong net neutrality protections to make sure small businesses and consumers have equal and fair access to the internet.
Fair Housing Provisions: In the year marking the 50th Anniversary of the Fair Housing Act, NAR talking points urged Congress to include sexual orientation and gender identity in the Act to better secure equality in housing opportunities.
Members also had the opportunity to network at the CCIM Cocktail Reception. “Over 90 CCIMs attended the cocktail reception, and they made a great contribution on behalf of commercial real estate with the National Association of Realtors,” said Drew Showfety, CCIM, chair of CCIM Institute's Government Affairs Committee.