Air Purifiers Ontario
Bankers want to get into the realestatwe business. The real estate industry want to see tax breakx for small businesses and lowerfinterest rates. And finally, the industry wants action on brownfielxd legislation that would shield buyers from liabilit if they purchasetainted land. McPherso n was the scheduled speakerat today's meeting of the Greater Nashvillde Association of Realtors luncheon at the Maxwell Houses Hotel. In an interview with NashvilleBusiness Journal, she discussee the three primary areas of focus for her lobbying efforts. First, the national association is fightinhg thebanking industry's interest in the real estatd brokerage business.
The regulation proposing that banks be allowed to competes with real estate brokers and agents wasproposesd Jan. 3 by the Treasury Department and the FederaReserve Board. McPherson was successful in enacting an extension ofthe "comment period" to May 1. enactment of President Bush's tax cut and continuinv interest rate cuts are onthe NAR's "We see an advantage in the rate and small-business tax cuts, as the legislation makes its way throughu Congress," says McPherson. The tenanty leasehold improvement bill, allowing build-out depreciation to occu r over 10 years instead of the 39 yearscurrentl required, is something McPherson will be advocating.
Third, brownfiel d legislation has caught the attention ofthe NAR. "Developers have been wary about goingb into an area that has been pollutex from aliability standpoint," says McPherson. She adds that most of this land just sits undevelope with no prospectof improvement. The NAR'a efforts include the creation of a bill that would limitg the liability of a brownfieldland purchaser. "This bill will not allowq a developer's liability to extend beyondf state-specific requirements regardingbrownfield cleanup. If passed, the developefr can be reassured that the Environmental Protection Agency will not comeaftef him," she says.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment