August 9, 2006—At the recently completed BOMA International North American Commercial Real Estate Congress in Dallas, BOMA’s Board of Governors approved two new policy positions.
BOMA’s position statement regarding roof depreciation supports amending Section 168 of the Internal Revenue Code to provide a shorter, more realistic recovery period for the depreciation of commercial building roofs to 20 years versus the current 39 years, says BOMA.
The organization urges its members to contact their Senators and Representatives to cosponsor “The Realistic Roofing Tax Treatment Act of 2005” (S. 1200; H.R. 1510).
BOMA’s new policy position on Industry Standards states that provisions involving business relations between buyer and seller such as guarantees, warranties and other commercial terms and conditions shall not be included in BOMA standards. This policy is intended to strictly avoid the appearance that BOMA endorses any particular products, services or companies.
For more information on these and other BOMA policy positions, visit the Web site.
