Tax, Budget and Related Issues

Ensuring a Growth-Oriented Tax Code through
Rational Real Estate Tax Policies
    

2018 Policy Issues SnapShot: 
More recent, detailed information on various tax policy issues can be found in recent issues of Roundtable Weekly — our weekly policy eNewsletter that can searched by key word or phrase.  The Roundtable's 2018 National Policy Agenda: A Building For the Future, also includes a section on Tax Policy.

Tax Reform

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Updated news on various Tax policy issues can be found in recent issues of Roundtable Weekly — our policy eNewsletter archive that can searched by key word or phrase.

 Tax Technical Corrections and Implementation

Internet Sales Tax    

Tax Regulations

✓ Recent Developments:
 

⇒ 03/23/2018      Budget;Congress
BUDGET & POLICY LANDSCAPE - March 23, 2018 - Roundtable Weekly 
Congress Passes Omnibus $1.3 Trillion Spending Bill Funding Government Through September; Two-Week Congressional Recess Begins 

 ⇒ 03/23/2018      Federal Reserve
FEDERAL RESERVE - March 23, 2018 - Roundtable Weekly 
Fed Raises Interest Rates, Signals More Hikes, Boosts Economic Forecasts 

⇒ 03/09/2018      Internet Sales Tax;Tax Policy
INTERNET SALES TAX - March 9, 2018 - Roundtable Weekly 
Real Estate Industry Urges Supreme Court to Expand States’ Authority to Collect Taxes on E-Commerce Purchases 

⇒ 03/09/2018      
TRADE POLICY - March 9, 2018 - Roundtable Weekly 
President Trump Authorizes Tariffs on Imported Steel and Aluminum; Exemptions for Canada, Mexico and Potentially Other Countries After Security Reviews 

⇒ 02/23/2018      Tax Policy
TAX POLICY - February 23, 2018 - Roundtable Weekly 
Roundtable Proposes Framework for Implementing the Real Estate Exception to the New Business Interest Deduction Limit    

⇒ 02/23/2018      Internet Sales Tax
INTERNET SALES TAX - February 23, 2018 - Roundtable Weekly 
Mnuchin: President Supports Sales Tax for Online Purchases; GAO Study Shows States Losing Billions from Tax-Free Sales 

⇒ 02/16/2018      Tax Policy
TAX POLICY - February 16, 2018 - Roundtable Weekly 
Policymakers Pledge to Issue Technical Corrections and Guidance to Implement New Tax Law   

⇒ 02/09/2018      Budget
BUDGET & POLICY LANDSCAPE - February 9, 2018 - Roundtable Weekly 
President Trump Signs Budget Deal That Extends Government Funding Until March 23, Lifts Debt Ceiling for One Year and Sets Two-Year Budget Agreement   

⇒ 01/26/2018      Real Estate and The Economy;Roundtable Meeting;Roundtable Policy Advisory Committee Meeting
2018 ROUNDTABLE STATE OF THE INDUSTRY MEETING - January 26, 2018 - Roundtable Weekly 
Roundtable Debuts 2018 Policy Agenda, Engages Policymakers on Key Issues 

⇒ 01/26/2018      Infrastructure
INFRASTRUCTURE - January 26, 2018 - Roundtable Weekly 
Trump Administration Prepares to Unveil Nationwide Infrastructure Proposal; Roundtable Submits Specific Suggestions for Innovative Infrastructure Financing Sources

 ✓  Tax Regulations

The Real Estates Roundtable has identified several areas where executive action on tax regulations could spur job growth and help modernize U.S. real estate and infrastructure.  The Roundtable is encouraging the Treasury Department to act in the following areas: 

  • Repeal of IRS Notice 2007-55, which relates to FIRPTA and liquidating distributions by domestically controlled REITs);
  • Finalization of the section 460 proposed regulations, which relate to condominium construction and the completed contract method of accounting;
  • Repeal of IRS Private Letter Ruling on REIT preferential dividends and dual-class share structures;
  • Modification of final and proposed partnership liability allocation regulations;
  • Fractions rule guidance, which facilitates real estate investment by retirement funds and education endowments; and
  • Formal withdrawal of estate tax regulations under Section 2704, which relate to the valuation of family-owned businesses.

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For weekly updates on key policy issues affecting commercial real estate, see our eNewsletter  Roundtable Weekly.   

The Roundtable's Tax Policy Advisory Committee (TPAC) is led by Frank G. Creamer, Jr. (FGC Advisors, LLC) as chairman, and Jeffrey S. Clark (Host Hotels & Resorts, Inc.) as vice chairman. TPAC members are leading experts on tax issues affecting commercial and multifamily real estate, and include representatives from the major national real estate trade associations.

For additional information on TPAC issues, please contact Ryan P. McCormick, Vice President and Counsel, The Real Estate Roundtable, at (202) 639-8400. 

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