2020 Legislative Priorities

NAIOP has identified three key legislative issues for 2020:

Tax Policy

Advocacy

Congress should pass legislation that restores the original intent of the Tax Cuts and Jobs Act, and allows businesses to recover investments in Qualified Improvement Property over a period that reflects the true economic life of the asset. Restoring the preferential tax treatment of incentives offered by public entities ensures that local investment dollars are fully leveraged, and that these funds are appropriately directed towards much-needed development projects.

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Infrastructure and Transportation

Advocacy

NAIOP supports increased investment in our nation’s infrastructure and transportation systems. We favor direct federal support and investment for transportation and infrastructure projects of national importance, a streamlined and transparent regulatory environment, and fair tax treatment of foreign investment in infrastructure projects. The use of public-private partnerships (P3s) should be increased to provide additional funding sources for infrastructure development.

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Energy Efficiency and Environment

Advocacy

Federal legislation advancing building code efficiency goals should be based on economic and technological feasibility. Incentive-based and voluntary approaches to advancing energy efficiency, such as EPA’s Energy Star Portfolio Manager, should continue. NAIOP supports commonsense reforms to the Endangered Species Act (ESA), which codify and incentivize voluntary conservation efforts, and curb abuse of the Act by reducing instances of false reporting.

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