[This is a key announcement from the International Council of Shopping Centers (ICSC) on a topic that has been frequently written about on this website.] ICSC is pleased to report that the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (H.R. 4853) is on its way to the White House for signing [...]
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From ICSC.org: On June 24th, the U.S. Senate held another procedural vote on H.R. 4213, which includes the carried interest tax increase. The purpose of this vote was to end debate on the bill, and it required a three-fifths majority or 60 votes in the Senate. This vote failed with the final tally at 57-41. [...]
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From ICSC Website U.S. lawmakers introduced legislation yesterday that would increase taxes on the percent of the profits investors collect from the deals their firms complete. The proposals to increase taxes on so-called “carried interest” are part a of larger attempt to reform the U.S. financial sector, but could end up hurting the commercial real [...]
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Just as commercial real estate is starting to recover… Congress plans to drive a stake through its heart and raise income taxes from 15% capital gains rate to 35% ordinary income rate. Tell your U.S. Senators about the unintended consequences associated with the carried interest proposal. Please call 202-224-3121 and ask to be connected to [...]
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This week ICSC led an effort to show the support of the commercial real estate industry for S. 823/H.R. 2452, the Net Operating Loss (NOL) Carryback Act. The NOL Carryback Act would provide American companies struggling in the current economy with the ability to access a quick infusion of cash by writing off losses from [...]
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