LAND USE & PROPERTY RIGHTS
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New Maine Rules for Short Term Rentals and Vacation Homes
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
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.
Just Compensation. What about similar sales?
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.
What happens when a property developer accepts bitcoin for rent?
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
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.
Prohibit Ag Land Sale to Non-Profits
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
Anatomy of North Carolina’s Eminent Domain Reform Bill
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.
Local Ordinance. Evict Violent Tenants. No Rent Raising.
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?
North Carolina re-defining Public Use
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
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
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
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.
Just Compensation. What about similar sales?
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.
What happens when a property developer accepts bitcoin for rent?
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
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.
Prohibit Ag Land Sale to Non-Profits
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
Anatomy of North Carolina’s Eminent Domain Reform Bill
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.
Local Ordinance. Evict Violent Tenants. No Rent Raising.
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?
North Carolina re-defining Public Use
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
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