Kathy Miller, senior vice president of financial services and tax at Regency Centers Corp. (NYSE: REG), participated in a video interview at Nareit’s REITwise: 2019 Law, Accounting & Finance Conference in San Antonio.
Miller discussed a session she moderated at REITwise about state and local tax issues, noting that the most pressing state-level tax issues facing REITs this year are the proposed dividends paid deduction legislation in Hawaii and revenue-raising initiatives in California. She also discussed the lessons she’s learned in moving from a pure tax role to a more general business role.
Miller said state-level implications for REITs regarding federal tax reform vary state by state.
“There’s no one rule for the states, other than you’ve got to do your research and figure out where you are and what the next steps are,” she said.