Wednesday, April 28, 2010

Act Now! Fight Large Tax Increase on Commercial Real Estate

BOMA San Francisco Members:

The United States Senate is considering a major tax increase on real estate development by changing the tax rate on carried interest to that of ordinary income (nearly 40%), rather than capital gain (15%). While the House of Representatives has already passed similar legislation, the Senate has never seriously considered such a proposal, until now! 

With Congress desperate for revenue and most legislators not understanding that carried interest negatively impacts commercial real estate, BOMA International needs your help telling the Senate just how devastating this would be on the already fragile commercial real estate industry.

Contact your senators immediately and tell them to oppose this major tax increase on commercial real estate!

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