BOMA Rochester Newsletter
REGISTRATION NOW OPEN!
BOMA ROCHESTER 2020 GOLF TOURNAMENT
Ravenwood Golf Club
July 13, 2020
10:30 AM - 6:00 PM
UPCOMING EVENTS




CANCELLED!
BOMA Rochester
RIT Hockey Game
Gene Polisseni Center
February 29, 2020
Rochester Americans Game
Blue Cross Arena | BOMA Rochester Suite
March 25, 2020 | 7:05 PM
Space is LIMITED!
Save the Date
Zweigle's Factory Tour
April 14, 2020
Spots Limited!
Registration Coming Soon!
Rochester General Hospital Jobsite Tour
May 14, 2020
Registration Coming Soon!
*This is a joint event with CFMA
BOMA ROCHESTER SPONSORS


BOMA Rochester Platinum Partner
National Fire Adjustment Co., Inc.


BOMA Rochester Gold Partner
Servpro of S.E. Monroe County
Contact Jenna at bomarochester@gmail.com for more details!
BOMA INTERNATIONAL MAGAZINE
Closing Out A Banner Year For Industry Legislation

Thanks to BOMA International’s advocacy efforts, the end of 2019 saw the significant advancement of priority legislative items, including the Terrorism Risk Insurance Act (TRIA), qualified improvement property (QIP) and the Energy-Efficient Tax Deduction for Commercial Buildings, commonly referred to as 179D. Despite having a Congress known for delaying even the most bipartisan-friendly bills, 2019 shaped up to be a banner year for BOMA’s advocacy goals. 

RENEWING TERRORISM RISK INSURANCE
BOMA, working in concert with the Coalition to Insure Against Terrorism (CIAT), helped fast track legislation to extend TRIA—a program that creates a federal backstop for insurance claims related to acts of terrorism. Without congressional action, the program would expire at the end of 2020. 

ADDRESSING QIP
While TRIA moved through the machinery of Capitol Hill faster than expected, QIP—formerly referred to as leasehold depreciation—is a victory from the trenches. The issue arose in 2017, when Congress passed the Tax Cuts and Jobs Act, which included specific provisions culminating in what was then considered the largest tax win for commercial real estate in decades. 

EXTENDING 179D
Energy efficiency legislation also garnered considerable attention from Congress in 2019. The only tax incentive for commercial buildings to replace equipment with more energy-efficient products, 179D had expired at the beginning of 2017. 

After an ambitious year with many legislative goals, BOMA’s advocacy efforts bore fruit in 2019. As we pause to reflect on another successful year, BOMA’s advocacy team is poised to hit the ground running in 2020 on even more industry-related issues, such as fire sprinkler incentives and flood insurance reform, while continuing efforts to fix QIP and make 179D available to more buildings and a permanent part of the tax code. 
BOMA ROCHESTER'S 2020 CHARITY
BOMA Rochester proudly supports
Patriot Guard Riders of New York is a diverse group of patriots who come together to show respect and support to US service members, veterans, first responders who die in the line of duty, and their families by standing flag lines and providing escorts at memorial services, only at the request of the family. We also stand flag line for other events honoring veterans and military personnel by request. We do not have meetings, dues, or most of the other membership requirements of other organizations. Many of our members share a love of motorcycles and many are veterans, but neither is a requirement. The only thing our members do have in common is a deep feeling of appreciation of the sacrifices that our military and first responders have made and continue to make.  
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