And just like that the kids are out of school and summer is upon us. June also means it is officially hurricane season which started with a bang bringing in Tropical Storm Alberto. Now is the time to make sure your homes, businesses, and buildings are ready. The National Hurricane Center has great tips on preparedness, be sure to check it out at by
clicking here
. And don’t forget to fill up those generators! We learned in 2017 just how quickly fuel can disappear, don’t get caught off guard!
Have you noticed all of the construction going on in and around the Tampa International Airport? Are you wondering what exactly they are doing? Then be sure to join us at our monthly luncheon on June 27
th
at the University Club where we will have guest speaker, Ms. Janet Scherberger, the Vice President of Media and Government Relations for TIA update our members on the growth and expansion of our airport.
I will be headed to San Antonio at the end of the month for the 2018 BOMA International Conference, will you be joining me? It is sure to be a great time full of education, important updates, an amazing Expo and of course the International TOBY Awards. If you can’t be there in person, please send good vibes to MetWest One, Tampa City Center, and Waterford Plaza as they represent Greater Tampa Bay and hopefully we will bring home some amazing awards!
I hope you are all having a great start to your summer and can’t wait to see you again soon!
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Upcoming Events
TIA EXPANSION & GROWTH
Join us for our June luncheon, featuring Ms. Janet Scherberger, VP of Media and Government Relations at Tampa International Airport, on June 27 at University Club of Tampa.
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Education
Did you know that people who have their designation can earn more money? Please visit our list of classes and get started now to earn your RPA, FMA, SMT or SMA.
To find out what these acronyms mean,
click here
.
Next classes:
Environmental Health & Safety, September 19 - 21.
Click here
to learn about the class.
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Welcome New Members
Leo Almeida - Mid-America Metals
Carol Dunn - JLL
Josh Mannix – KWA Engineers. LLC
Christian Padgett – ASI
Venus Rodriguez – Highwoods
Frank Santini – Pure Air Control Services, Inc.
Donna Thompson – Cushman & Wakefield
Greg Ward – Redcoats
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Tax Reform Error Affects Leasehold Depreciation
Since the U.S. Congress passed historic tax reform late last year, a number of drafting errors and oversights have been discovered in the legislation. Depreciation on qualified leasehold improvements, previously given a permanent 15-year life in 2015, reverted to a 39-year timeline due to an error
.
Congress intended to not only maintain the 15-year depreciation schedule but also to grant commercial properties, along with restaurant and retail, a temporary 100 percent bonus depreciation until 2022. At the same time, drafters attempted to simplify four different property types into one catch-all name: qualified improvement property (QIP). Unfortunately, they neglected to specify their depreciable life. Because QIP is depreciated at 39 years under prior legislation, the new tax bill unintentionally reverted leasehold improvements to this time-frame.
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BOMA International is working with a coalition of other real estate groups to address these errors with Congress, and we will keep our members informed of when the correction is made.
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28th Annual Golf Tournament Re-cap
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The event was a huge success. Despite a few clouds, everyone had a great time. A special thank you to our Co-Chairs, Denise Rue with Parmenter and Mike Castelli with Solar/Tek Window Tinting, Inc. Kudos to Elaine Ruyle for managing the registration, among many other duties.
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Are you coming to the BOMA International TOBY Awards?
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LOCATION
San Antonio, TX
DATE AND TIME
06/26/18
6:00pm -
06/26/18
10:00pm
If you are going and want to sit with our local winners, reply below. You must purchase a ticket through BOMA International. www.boma.org
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JUNE 13 - WEDNESDAY
7:30 am - 9:00 am
TOPIC:
Indoor Air Quality
KEYNOTE SPEAKER: Frank Santini, Indoor Air Quality Professional, AV-Rated Attorney and Top Ranked by Florida Super Lawyers.
SCHEDULE:
Sign in begins at 7:15 am and the presentation will begin promptly at 7:30 am
LOCATION:
One MetroCenter
4010 Boy Scout Boulevard
Located within the MetWest Complex
1st Floor Conference Room
Coffee, water and continental breakfast included.
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BOMA = Advocacy, Education & Networking
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