Legislative

On February 28, 2019, Governor Tony Evers released his 2019-2021 biennium budget. The budget includes a wide range or policy changes and reversal of several measures that impact commercial real estate and job creation. The $83 billion budget raises taxes overall by $550 million over the next two years and includes many items touted during … Read More

The Internal Revenue Service has issued final rules on the 20 percent business income deduction (Sec. 199A of the Tax Code) that was enacted in late 2017 as part of the Tax Cuts and Jobs Act. Among other things, the rules confirm that the deduction applies to your business income, as a real estate agent … Read More

If you were tuned to the news Aug. 8 you might have heard the IRS released proposed regulations on the new 20 percent business income deduction for pass through businesses. IRS summary with link to FAQ. Proposed rules. The deduction was part of the big tax reform law Congress passed at the end of last … Read More

On Wednesday, July 11, Brenda Graat of Baker Tilly presented a tax reform update. She presented key tax reform takeaways for construction contractors and real estate businesses. Graat also explained the Opportunity Zones Tax incentives for investing in low-income communities and the benefits to them. The 2017 Tax Cuts and Jobs Act established Opportunity Zones to spur private … Read More

On May 24th the President signed into law S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act”. In that legislation real estate professionals should look at the changes in High Volatility Acquisition Development and Construction (HVCRE). These changes remove hurdles and make it less complicated to provide construction financing. Banks will keep their … Read More

You have received several communications over the past few weeks about the REALTOR® position on the proposed changes to tax reform.  This morning, the house passed a budget plan that would likely pave the way for an overall tax reform package.  The individual reforms are complicated and intertwined – and impact both businesses and individuals.  … Read More

Have you contacted your state legislator yet from the WRA call to action to preserve the Wisconsin State Historic Tax Credit? This program provides millions of dollars of economic development opportunity across the State while creating jobs and preserving communities. This is a top State issue for the Commercial Real Estate industry and your communication with … Read More

CARW Members, It is safe to say that the majority of us were stunned to learn that Foxconn selected southeast Wisconsin to create what could be a 20 million square foot, $10 billion dollar manufacturing campus which will be the largest Direct Foreign Investment in North America ever! Wisconsin put its best foot forward in … Read More

On Tuesday, July 25, CARW welcomed the NAR Commercial Policy Advisor, Erin Stackley, to Milwaukee. She joined CARW board members for a full day of meetings with commercial members and stakeholders on national issues ranging from the Historic Tax Credit, 1031 Exchange, and EB-5.  She then presented a lunch and learn session where she covered … Read More

More than $200 billion in commercial real estate bank loans, plus $205.2 billion in CMBS will come due in the next two years, and many of these deals will face challenges in obtaining new rounds of financing. NAR supports consideration of legislation and regulations to protect and enhance the flow of capital to commercial real … Read More

We have been monitoring two bills over the past few months that were formally introduced in June.  The bills relate to AB 386 (Dark Store) and AB 387 (Reversing the Walgreens v. City of Madison decision).  Our CARW policy committee has discussed this, and the WRA policy committee is officially ‘neutral’ on the two bills, but have been working through our … Read More

Highlights: At a Glance: Commercial Takeaways from the REALTORS® Legislative Meetings Governance in Action: 2017 Legislative Meetings Commercial Committee Commercial Legislation & Regulatory Advisory Board     Commercial Real Estate Research Advisory Board      Commercial Economic Issues & Trends Forum Commercial Leadership Forum      Property Management Forum Hill Visits: A Look at Commercial Advocacy on Capitol Hill RPAC: … Read More

I-94 East-West is a direct route to some of the state’s top attractions, including Miller Park and Summerfest. How will this project complement recent work on the Zoo and Marquette interchanges? East-West reconstruction is essential to the completion and success of the state’s $2.5 billion investment in the Zoo and Marquette interchange projects. Completing the … Read More

Dear CARW Members, Last week, CARW members attended a conference in Washington DC for the NAR (National Association of REALTORS®) Mid-Year Conference.  The purpose of the conference was to bring together members from across the country and communicate the NAR’s legislative agenda in DC.  More than 40 people attended from Wisconsin and 8,500 from across … Read More

Hello!  Have you contacted your state legislator yet from the WRA call to action to preserve the Wisconsin State Historic Tax Credit? This program provides millions of dollars of economic development opportunity across the State while creating jobs and preserving communities. This is a top State issue for the Commercial Real Estate industry and your communication … Read More