California AB1869 amends tax code to clarify management duties for real estate investment trusts operating lodging facilities.

California AB1869 amends the Revenue and Taxation Code to clarify the management duties of real estate investment trusts (REITs) operating lodging facilities. The bill specifies actions that constitute operating and managing a lodging facility, including control over wages, hours, working conditions, and collective bargaining agreements. It also outlines the process for employees or their representatives to report REIT activities to the Franchise Tax Board and Labor Commissioner, with confidentiality provisions.

California AB1869 amends tax code to clarify management duties for real estate investment trusts operating lodging facilities.

California AB1869 amends the Revenue and Taxation Code to clarify the management duties of real estate investment trusts (REITs) operating lodging facilities. The bill specifies actions that constitute operating and managing a lodging facility, including control over wages, hours, working conditions, and collective bargaining agreements. It also outlines the process for employees or their representatives to report REIT activities to the Franchise Tax Board and Labor Commissioner, with confidentiality provisions.