Tax Reform

With Republicans in control of both Congress and the Administration, comprehensive tax reform is very high on the agenda for 2017 – both for President Trump and the leadership of Congress.

As the House, Senate and White House continue their discussions to mold a single tax reform plan, it appears that a starting point for these "unity" discussions continues to be the House Republican Blueprint that was released in June 2016. Notably, President Trump’s vision for tax reform released in April of this year was largely based on the Blueprint with some key differences.

The Blueprint is likely the beginning move in a very complicated process and is open to change, driven in part by constructive comments from various constituencies and in part by fierce opposition from a variety of interests Simply put, there remains a wide range of potential outcomes for tax reform in 2017.

NAREIT has long supported Congressional efforts to review and improve the tax code. As the tax reform journey begins in earnest, NAREIT will remain actively engaged with policymakers to address any potential implications for REITs and real estate investment generally.

STATUS: Legislation has yet to be introduced.


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