Chamberlain explains, the association is deeply involved in shaping legislation that affects the commercial real estate sector. From tax policy to energy efficiency, the association’s influence is felt at both the federal and local levels. “We’re always battling taxes and having conversations about how business can thrive and also make a contribution to the economy and the federal government,” he says, mentioning the 2017 Tax Act which included provisions like carried interest, leasehold depreciation, and capital gains. “We’ll be renegotiating that and incorporating some of the things we’ve been working on the last few years, which includes green tax credits, as we want to decarbonize and invest in reshaping some of the older building stock where possible,” he maintains. “So, collaboratively with the other groups around DC and elsewhere, we will really be looking at the 2025 tax package, and what that’s going to look like.” BOMA is also focused on legislation that supports vocational education and certification. “We’ve got a bill out there that’s universally supported by lots of different associations around taking a look at investing in the future workforce,” Chamberlain expands. “There’s a big focus on staffing, attracting 55 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 09 BOMA INTERNATIONAL
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