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Bill to let workers report alleged hotel REIT mismanagement advances amid industry warnings
Summary
AB 18 69 would define when hotel REITs cross the line from passive investor into management, create a reporting pathway to the labor commissioner, and require the Labor Commissioner to report findings to the Franchise Tax Board; labor witnesses urged enforcement, while hotel and REIT groups warned the bill upends federal conformity and could risk investment.
Assemblymember Haney introduced AB 18 69, which would clarify what constitutes direct or indirect management by a real‑estate investment trust (REIT) of hotel operations and create a reporting mechanism so hotel workers and their representatives can raise concerns with the labor commissioner.
Haney said REITs have increasingly intervened in day‑to‑day hotel operations and that current federal tax tests designed for passive investors do not provide a…
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