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Developments Blog

The Nareit Developments section on reit.com provides updates of Nareit's activities and key events impacting the REIT and commercial real estate industry. Nareit is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets.
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Amended Bill to Examine Effect of REITs in Hawaii Approved by Hawaii Legislative Committees

Hawaii FlagNAREIT submitted testimony in April 2015 to the Hawaii House of Representatives' Committees on Consumer Protection and Commerce and Judiciary in conjunction with a joint hearing on a proposal related to the dividends paid deduction (DPD).

The bill that was the subject of the hearing (S.B. 118, S.D. 1) originally proposed to eliminate the DPD for all real estate investment trusts in the state. It was changed to provide for a study on the impact of REITs operating in Hawaii.

03/24/2015
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Marketplace Fairness Act Reintroduced in Senate

Last week, Sens. Mike Enzi (R-WY) and Dick Durbin (D-IL) introduced the Marketplace Fairness Act, S. 698, a bill designed to require online retailers to collect states' sales and use taxes from consumers.

The bill is nearly identical to a proposal that passed the Senate in 2013 by a vote of 69-27. Sens. Lamar Alexander (R-TN), Heidi Heitkamp (D-ND), Roy Blunt (R-MO), Jack Reed (D-RI), Bob Corker (R-TN), Sheldon Whitehouse (D-RI) and Angus King (I-ME) joined Enzi and Durbin in sponsoring the bill.

03/23/2015
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