Tax Issues

Update 11/18/20 – The results of the 2020 California election are largely confirmed, and Prop. 15 has been conquered. Rob Lapsley, co-chair of the “No on Prop 15” coalition, praised the state and national associations for their endeavor to stop...

Officials in Belleville, Ill., are considering a 5 percent sales tax to be collected on self-storage rent. Suggested by alderman Phil Elmore, the tax is one of several moves being considered by the city to help cover the costs of municipal...

Life Storage Inc., a self-storage real estate investment trust (REIT) and management company, received permission to reduce the job commitment for its facility in Hicksville, N.Y., without suffering a decrease in its Nassau County tax breaks. The...

Update 12/5/19 – Nitzberg and Brian Caster, CEO of Caster Properties, which operates the A-1 Self Storage brand, will co-chair a national Self Storage Association (SSA) task force that will examine ways the industry can combat California...

Officials in Evanston, Ill, have included a 5 percent self-storage tax as part of the city’s proposed budget for the 2020-21 fiscal year. This “user fee” is included as one of several new revenue streams officials are considering within the $317...