Dear NAIOP SoCal Members, Advocates and Friends: A state bill upending landlord-tenant relationships will be debated and voted on the State Assembly Floor in August 2024. The bill – SB 1103 (Menjivar) – will disrupt landlord-tenant relationships in commercial contracts, place restrictions on cost allocation adjustments and add complex regulations to the business-to-business relationship. SB 1103 will have detrimental consequences not only on commercial landlords but on small businesses and nonprofit organizations that the bill is trying to protect. NAIOP SoCal is asking our Members and friends to contact State Assemblymembers, urging them to oppose SB 1103. It only takes a minute of your time to respond to NAIOP SoCal’s Action Alert by emailing (Note: Submit a pre-written email) and/or calling your State Assemblymember (Note: Follow the supplied phone script as a guide). Click here to take action: https://lnkd.in/gQgqiwJk
NAIOP SoCal’s Post
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Review and Audit thresholds will increase for fiscal years beginning on or after 3/23/24 to $500k and $1m, respectively.
In late March, Governor Tony Evers signed over 50 pieces of new legislation into law including Assembly Bill 912. This bill outlines increases to audit and review thresholds for nonprofits operating in Wisconsin. 📈📝 Visit our blog to learn more about these thresholds and when they will go into effect 👇 https://hubs.li/Q02wrTWv0
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Massachusetts Senate Bill S.910 has been referred to the Senate Ways and Means Committee on 3/14/24. Under the bill, the thresholds for nonprofits requiring audits and reviews would increase by $250,000. ▶ Audits: Presently $500,000 to Proposed $750,000 ▶ Reviews: Presently $200,000 to Proposed $500,000
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Please see the article by me and Kadeem Wolliaston, Esq. below which discusses a possible seismic change for employers and employees in early 2024.
Peter A. Lauricella, Esq. and Kadeem Wolliaston, Esq. discuss the bill to ban #noncompete agreements, which is before New York Governor Hochul. If signed, New York would join the increasing list of states that have outlawed or severely restricted #noncompeteagreements. Read it here: https://bit.ly/3GFyylR #WilsonElser #employmentlaw
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The wait is over! The new Federal Beneficial Ownership Report is live. Our post is a must-read--understand your obligations, and avoid a hefty fine. Required filing for ALL businesses (except nonprofits and others listed. Don't miss out on this crucial update. Read more here: https://bit.ly/49vy9yF #SmallBusiness #LegalUpdate #BeneficialOwnershipReport #SusanBurnsLegal #LegalBrief
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Helping developer use Low-Income Housing, Historic Preservation, and New Market Tax Credits to help finance their building projects..
Are you a Missouri nonprofit interested in preserving historic buildings? This new law could be your golden ticket! 🎫 New legislation expands Missouri nonprofits' access to historic tax credits, fueling economic development projects statewide. Learn more from our historic tax credit experts, Kari Wolff and Crystal Calvert, how this funding boost can transform your community and preserve historic landmarks! #TaxCredits #Missouri #HistoricBuildings #MarksNelson
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Are you a Missouri nonprofit interested in preserving historic buildings? This new law could be your golden ticket! 🎫 New legislation expands Missouri nonprofits' access to historic tax credits, fueling economic development projects statewide. Learn more from our historic tax credit experts, Kari Wolff and Crystal Calvert, how this funding boost can transform your community and preserve historic landmarks! #TaxCredits #Missouri #HistoricBuildings #MarksNelson
Nonprofits, Developers to Benefit from Change to Missouri’s Historic Tax Credit Funding
marksnelson.shp.so
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Are you a Missouri nonprofit interested in preserving historic buildings? This new law could be your golden ticket! 🎫 New legislation expands Missouri nonprofits' access to historic tax credits, fueling economic development projects statewide. Learn more from our historic tax credit experts, Kari Wolff and Crystal Calvert, CPA, how this funding boost can transform your community and preserve historic landmarks! #TaxCredits #Missouri #HistoricBuildings #MarksNelson
Nonprofits, Developers to Benefit from Change to Missouri’s Historic Tax Credit Funding
marksnelson.shp.so
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Are you a Missouri nonprofit interested in preserving historic buildings? This new law could be your golden ticket! 🎫 New legislation expands Missouri nonprofits' access to historic tax credits, fueling economic development projects statewide. Learn more from our historic tax credit experts, Kari Wolff and Crystal Calvert, how this funding boost can transform your community and preserve historic landmarks! #TaxCredits #Missouri #HistoricBuildings #MarksNelson
Nonprofits, Developers to Benefit from Change to Missouri’s Historic Tax Credit Funding
marksnelson.shp.so
-
Are you a Missouri nonprofit interested in preserving historic buildings? This new law could be your golden ticket! 🎫 New legislation expands Missouri nonprofits' access to historic tax credits, fueling economic development projects statewide. Learn more from our historic tax credit experts, Kari Wolff and Crystal Calvert, how this funding boost can transform your community and preserve historic landmarks! #TaxCredits #Missouri #HistoricBuildings #MarksNelson
Nonprofits, Developers to Benefit from Change to Missouri’s Historic Tax Credit Funding
marksnelson.shp.so
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To understand the need for nonprofits to avoid excess benefit transactions, it helps to also comprehend the concept of private inurement. This refers to payments to “insiders” that are beyond reasonable compensation for goods or services provided. If any net earnings inure to the private benefit of an individual, the IRS won’t view your nonprofit as operating primarily to further its tax-exempt purpose. The prohibition against such benefits doesn’t prevent all payments, such as reasonable salaries. But you must be able to prove transactions were made with your tax-exempt purpose in mind. Learn more here: https://bit.ly/3kyyaK7
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