BOMA Georgia advocacy efforts focus on representing the views of building owners and managers to government officials on the local and state levels. Throughout the years, BOMA Georgia's efforts have led to significant tax savings, less government regulation and other victories for the industry.
BOMA Georgia prides itself on providing members with relevant news and summaries from under the gold dome during the state legislative session, which typically runs from January until April of each year. Additionally, BOMA Georgia has a Government Affairs Committee (GAC) that monitors political action at the city and county levels in the metro Atlanta area. See below for additional information. For more details regarding BOMA Georgia’s government affairs efforts, contact Jacob Wilder, at (404) 475-9980.
BOMA Georgia represents the commercial real estate industry in the state legislature through a relationship with political consulting firm, Fiveash Stanley, Inc.
Our political consultants, with the support and supplementary efforts of BOMA Georgia members, have lobbied to defeated calls for tax increases and the mandatory retrofitting of building systems; decreased the amount of government interference in commercial real estate; successfully advocated on behalf of building owners to preserve property rights; and encouraged passage of legislation expediting building plan reviews and inspections.
Within the metro Atlanta area, BOMA Georgia has represented the best interests of members by mobilizing around key issues such as permitting reform, transportation, codes enforcement, vacant property registration, building retrofits, water conservation and more. BOMA Georgia staff and members of the BOMA Georgia GAC are vital to local advocacy efforts. The GAC is tasked with monitoring, studying and recommending policy and advocacy strategies on legislative and regulatory matters that affect the commercial real estate industry.
Each year, your investment in BOMA International—which is made via your dues paid to BOMA Georgia—saves you and your company money. BOMA International’s advocacy staff represents you before the United States Congress, federal agencies, and codes and standards development organizations. The goal is to achieve decisive action on BOMA’s advocacy agenda and, more importantly, prevent harmful proposals from becoming law.
BOMA’s legislative and regulatory victories have saved the commercial real estate industry billions of dollars, improved asset values and spurred economic growth. Below are some of the association’s legislative accomplishments:
- Key Tax Provision Extensions - won victories on the 15-year depreciation timeline for tenant improvements, the extension of the tax deduction for brownfield remediation costs, and the tax deduction for energy efficiency retrofits to new and existing buildings. A savings of almost $2 billion to the industry.
- Capital Gains – gained the enactment of the Tax Relief Extension Reconciliation Act, extending the tax cut on capital gains and dividends, through December 31, 2012.
- TRIA – secured the Terrorism Risk Insurance Act extension until 2014, ensuring the availability of terrorism coverage with a federal government “backstop” for catastrophic losses.
- Codes and Standards – eliminated or modified overly stringent and costly requirements impacting energy efficiency, green building, fire protection, occupant accessibility and egress, structural integrity, plumbing and mechanical systems, and a host of other areas impacting new construction and existing buildings alike. A savings of more than $7 billion in direct costs and long-term revenues to commercial real estate.
- 2010 ADA Accessibility Guidelines – secured a broad grandfather clause exempting all buildings constructed or altered in compliance with the 1991 regulations, and extended the deadline for mandatory compliance with the new rules to 2012.
Additionally, BOMA International recently concluded its 7-Point Challenge, a five-year program designed to help incentivize voluntary market-driven efforts among commercial real estate companies to reduce their use of natural resources, non-renewable energy sources and waste production. The data and information shared by participating companies far exceeded expectations and will be used to underscore the success of voluntary sustainability efforts within the commercial real estate industry.