The House Ways and Means Committee (the tax-writing committee of the U.S. House of Representatives) is slated to meet over the next few weeks to consider various provisions to include in a tax reconciliation bill.Continue Reading News Alert: Congress Considering Elimination of State and Local Tax Deduction on CRE across the U.S.
Taxation
Breaking News: Carried Interest Changes Dropped from Tax, Climate Bill
By Ted Zangari on
Posted in Taxation
Late last night, Senator Charles Schumer (D-NY) announced that proposed changes to the tax treatment of carried interest, strongly opposed by the commercial real estate industry, would be removed from the Inflation Reduction Act. This is the latest in a string of unsuccessful efforts in Congress in the last decade or so to change the…