Congress Keeps Carried Interest Tax Threat Alive

BOMA San Francisco Members:

Congress continues to consider the tax increase on carried interest in its remaining days prior to adjourning to campaign for the November elections. Senator Max Baucus (D–Mont.) reintroduced a modified version of the tax 'extenders' bill that stalled three times over the summer and indicated he would bring it up after making additional modifications. In the House, lawmakers are considering the possibility of using the carried interest tax increase as a revenue offset to the repeal of a new 1099 reporting requirement included in the health care law. BOMA International continues to be vigilant in its efforts to oppose passage of Congress’ efforts to pass this tax increase on commercial real estate.

Stay tuned!