Real Estate Sector Opposes Tax Changes During Congressional Discussions
March 11, 2025 - 18:21
The real estate industry is actively pushing back against proposed tax changes that could significantly impact its operations. Central to their concerns are efforts to preserve the carried interest treatment and the deductibility of property taxes. These provisions are seen as essential for maintaining investment incentives and ensuring the financial viability of real estate ventures.
Industry leaders argue that altering the carried interest tax treatment would discourage investment in real estate development, potentially stifling economic growth and job creation. The carried interest provision allows real estate investors to pay a lower capital gains tax rate on profits from long-term investments, a benefit they believe is crucial for attracting capital to the sector.
Additionally, the deductibility of property taxes is a significant issue for property owners and investors alike. Losing this deduction could lead to increased costs, ultimately affecting housing affordability and availability. As Congress debates these proposals, the real estate industry remains vigilant, advocating for policies that support sustainable growth and investment in the housing market.
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