New Maine Rules for Short Term Rentals and Vacation Homes

  • April 16, 2021

What’s happening? LD 1377 (2021 | ME) would generate revenue to develop affordable housing, provide property tax relief & encourage more units to be used as permanent housing

Why is this important? Maine is pretty much following what D.C. did with some added help for low and middle income households

How will this be important? Maine dedicates the funds to Housing Opportunities for Maine, or HOME, program, which funds things such as affordable housing and homeless services & to a state fund for the state’s homestead tax exemption program.

Sun Journal | Bill would impose new fees on vacation homes, short-term rentals

Another Agricultural Trespass Bill

  • April 16, 2021

What’s happening? The Iowa Legislature is considering another “AG Gag” bill. HF 755 (2020 | IA) would make knowingly entering private property without the owner’s consent and taking soil and water samples or samples of an animal’s bodily fluids or other animal products would become an aggravated misdemeanor on the first offense. Same penalties for a trespasser who plants a camera on land for the same purpose.

Why is this important? 2 previous versions of an “Ag Gag” in Iowa are tied up in court. While opponents say it infringes on their 1st amendment rights.

How will this be important? The balance between animal welfare and property rights in the agricultural industry shall continue.

Des Moines Register | Iowa Legislature sends another ‘ag gag’ bill criminalizing specific types of trespass to Gov. Kim Reynolds

Just Compensation. What about similar sales?

  • April 15, 2021

What’s happening? A court in North Dakota determined that just compensation in the taking of property by eminent domain can include a review of similar sales.

Why is this important? Determining just compensation is a hot topic.

How will this be important? There’s always a lot of talk about market value, introducing evidence of similar sales could be the new term of art for just compensation policy makers.

JD Supra | North Dakota Court: Similar Sales Admissible to Determine “Just Compensation” for Eminent Domain

What happens when a property developer accepts bitcoin for rent?

  • April 15, 2021

What’s happening? California Real Estate Developer Rick Caruso will be accepting bitcoin as a method of payment. 1% of Caruso Properties’ treasury is in bitcoin after an investment in Gemini, a cryptocurrency.

Why is this important? A growing list of payments may be made by cryptocurrency some taxing entities accept crypto currency, some political campaigns accept crypto currency.

How will this be important? States are just beginning to regulate cryptocurrency. It’s the new frontier.

LA Times via Governing | Some L.A. Apartments, Stores Can Now Pay Rent in Bitcoin

Bill would Restructure Short Term Rental Taxes

  • April 9, 2021

What is happening? California is considering SB 555 that would create a statewide collection system for short term rental taxes directly from the short term rental platforms. SB 555 (2021 | CA)

Why is this important? This bill does not prohibit local agencies who want to continue with their own Voluntary Collection Agreements and allows cities to opt in.

How will this be important? Short term rentals appear to have faster trajectory to a new normal than hotels. Fewer people in the space = fewer germs mentality.

North Bay Business Journal | California legislation seeks to create state-run vacation rental tax revenue system

Prohibit Ag Land Sale to Non-Profits

  • April 9, 2021

What’s happening? Montana is considering legislation to prevent agricultural land from being sold to a non-profit. HB 677 (2021 | MT) Seem unusual? Well, it is allegedly aimed at stopping the American Prairie Reserve from acquiring land. The bill excepts all other nonprofits except land trusts, public lands and conservation organizations.

Why is this important? Land owners, ranchers, wildlife vs. environmental conservations is a perennial legislative fight.

How will this be important? Can you envision legislation that would prevent sales of property to people who are citizens of certain countries? Or work in certain industries? Sounds eerily familiar to bills that divest funds from certain interests

Missoula Current | Bill aims to limit nonprofit land buys; opponents see infringement on property rights

Anatomy of North Carolina’s Eminent Domain Reform Bill

  • April 9, 2021

What’s happening? North Carolina legislature has passed with bipartisan support an eminent domain bill HB271 (2021 | NC) that fortifies public use requirement, require just compensation be determined by a a jury, and requires voter approval to add these requirements to the NC Constitution.

Why is this important? NC legislators want to eliminate “public benefit” as a means of utilizing eminent domain authority and wants a more robust look of property value.

How will this be important? We should see states follow suit with the jury requirement for valuation.

North State Journal | House bill would limit eminent domain

Local Ordinance. Evict Violent Tenants. No Rent Raising.

  • April 9, 2021

What’s happening? The District of Columbia passed an ordinance that will allow landlords to evict violent tenants but prohibit rent increases.

Why is this important? D.C. is stepping back from its pandemic-related tenant protections 

How will this be important? The standard DC adopts is key- whether a tenant poses a physical risk to others. Does your state protect against violent neighbors?

Washington Post | D.C. Council votes to let landlords evict dangerous tenants, but not to raise rents

North Carolina re-defining Public Use

  • March 26, 2021

What’s happening? North Carolina is considering HB 271 (2021 |NC) that would re-define public use by eliminating public benefit from the calculus.

Why is this important? its something property rights advocates have wanted for a long while, since at least 2005. Interestingly, the John Locke Foundation, thinks the bill could go even further.

How will this be important? Property rights bills aren’t disappearing. The US has limited land all the while, the population increases. People have strong feelings about the government taking their land.

The Daily Advance | House bill takes aim at eminent domain for ‘public use’

1st 3D Printed Homes for the Homeless

  • March 26, 2021

What’s happening? ICON partnered with nonprofit Mobile Loaves and Fishes to create the anti-homelessness “village” in Austin, TX. Internationally, ICON partners with New Story, a U.S.-based nonprofit.

Why is this important? This isn’t a one trick pony on one side of the political isle, ICON is also printing military barracks. Keep your eyes on them. Big things ahead.

How will this be important? “Having this capability where you’re not just building temporary facilities but can leave behind infrastructure that can get a foothold and begin the recovery – that has the possibility to become transformative,” –Lieutenant Colonel Alex Goldberg, a lead with the Defense Innovation Unit.

@worldeconomicforum on instagram

New Maine Rules for Short Term Rentals and Vacation Homes

  • April 16, 2021

What’s happening? LD 1377 (2021 | ME) would generate revenue to develop affordable housing, provide property tax relief & encourage more units to be used as permanent housing

Why is this important? Maine is pretty much following what D.C. did with some added help for low and middle income households

How will this be important? Maine dedicates the funds to Housing Opportunities for Maine, or HOME, program, which funds things such as affordable housing and homeless services & to a state fund for the state’s homestead tax exemption program.

Sun Journal | Bill would impose new fees on vacation homes, short-term rentals

Another Agricultural Trespass Bill

  • April 16, 2021

What’s happening? The Iowa Legislature is considering another “AG Gag” bill. HF 755 (2020 | IA) would make knowingly entering private property without the owner’s consent and taking soil and water samples or samples of an animal’s bodily fluids or other animal products would become an aggravated misdemeanor on the first offense. Same penalties for a trespasser who plants a camera on land for the same purpose.

Why is this important? 2 previous versions of an “Ag Gag” in Iowa are tied up in court. While opponents say it infringes on their 1st amendment rights.

How will this be important? The balance between animal welfare and property rights in the agricultural industry shall continue.

Des Moines Register | Iowa Legislature sends another ‘ag gag’ bill criminalizing specific types of trespass to Gov. Kim Reynolds

Just Compensation. What about similar sales?

  • April 15, 2021

What’s happening? A court in North Dakota determined that just compensation in the taking of property by eminent domain can include a review of similar sales.

Why is this important? Determining just compensation is a hot topic.

How will this be important? There’s always a lot of talk about market value, introducing evidence of similar sales could be the new term of art for just compensation policy makers.

JD Supra | North Dakota Court: Similar Sales Admissible to Determine “Just Compensation” for Eminent Domain

What happens when a property developer accepts bitcoin for rent?

  • April 15, 2021

What’s happening? California Real Estate Developer Rick Caruso will be accepting bitcoin as a method of payment. 1% of Caruso Properties’ treasury is in bitcoin after an investment in Gemini, a cryptocurrency.

Why is this important? A growing list of payments may be made by cryptocurrency some taxing entities accept crypto currency, some political campaigns accept crypto currency.

How will this be important? States are just beginning to regulate cryptocurrency. It’s the new frontier.

LA Times via Governing | Some L.A. Apartments, Stores Can Now Pay Rent in Bitcoin

Bill would Restructure Short Term Rental Taxes

  • April 9, 2021

What is happening? California is considering SB 555 that would create a statewide collection system for short term rental taxes directly from the short term rental platforms. SB 555 (2021 | CA)

Why is this important? This bill does not prohibit local agencies who want to continue with their own Voluntary Collection Agreements and allows cities to opt in.

How will this be important? Short term rentals appear to have faster trajectory to a new normal than hotels. Fewer people in the space = fewer germs mentality.

North Bay Business Journal | California legislation seeks to create state-run vacation rental tax revenue system

Prohibit Ag Land Sale to Non-Profits

  • April 9, 2021

What’s happening? Montana is considering legislation to prevent agricultural land from being sold to a non-profit. HB 677 (2021 | MT) Seem unusual? Well, it is allegedly aimed at stopping the American Prairie Reserve from acquiring land. The bill excepts all other nonprofits except land trusts, public lands and conservation organizations.

Why is this important? Land owners, ranchers, wildlife vs. environmental conservations is a perennial legislative fight.

How will this be important? Can you envision legislation that would prevent sales of property to people who are citizens of certain countries? Or work in certain industries? Sounds eerily familiar to bills that divest funds from certain interests

Missoula Current | Bill aims to limit nonprofit land buys; opponents see infringement on property rights

Anatomy of North Carolina’s Eminent Domain Reform Bill

  • April 9, 2021

What’s happening? North Carolina legislature has passed with bipartisan support an eminent domain bill HB271 (2021 | NC) that fortifies public use requirement, require just compensation be determined by a a jury, and requires voter approval to add these requirements to the NC Constitution.

Why is this important? NC legislators want to eliminate “public benefit” as a means of utilizing eminent domain authority and wants a more robust look of property value.

How will this be important? We should see states follow suit with the jury requirement for valuation.

North State Journal | House bill would limit eminent domain

Local Ordinance. Evict Violent Tenants. No Rent Raising.

  • April 9, 2021

What’s happening? The District of Columbia passed an ordinance that will allow landlords to evict violent tenants but prohibit rent increases.

Why is this important? D.C. is stepping back from its pandemic-related tenant protections 

How will this be important? The standard DC adopts is key- whether a tenant poses a physical risk to others. Does your state protect against violent neighbors?

Washington Post | D.C. Council votes to let landlords evict dangerous tenants, but not to raise rents

North Carolina re-defining Public Use

  • March 26, 2021

What’s happening? North Carolina is considering HB 271 (2021 |NC) that would re-define public use by eliminating public benefit from the calculus.

Why is this important? its something property rights advocates have wanted for a long while, since at least 2005. Interestingly, the John Locke Foundation, thinks the bill could go even further.

How will this be important? Property rights bills aren’t disappearing. The US has limited land all the while, the population increases. People have strong feelings about the government taking their land.

The Daily Advance | House bill takes aim at eminent domain for ‘public use’

1st 3D Printed Homes for the Homeless

  • March 26, 2021

What’s happening? ICON partnered with nonprofit Mobile Loaves and Fishes to create the anti-homelessness “village” in Austin, TX. Internationally, ICON partners with New Story, a U.S.-based nonprofit.

Why is this important? This isn’t a one trick pony on one side of the political isle, ICON is also printing military barracks. Keep your eyes on them. Big things ahead.

How will this be important? “Having this capability where you’re not just building temporary facilities but can leave behind infrastructure that can get a foothold and begin the recovery – that has the possibility to become transformative,” –Lieutenant Colonel Alex Goldberg, a lead with the Defense Innovation Unit.

@worldeconomicforum on instagram