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August 5, 2022
Proposed Carried Interest Provisions, Opposed by Real Estate Industry, Cut From Reconciliation Bill
Proposed changes to the taxation of carried interest were cut from Senate Democrats’ broad Inflation Reduction Act (IRA) yesterday at the request of centrist Sen. Kyrsten Sinema (D-AZ). The Roundtable and 14 other national real estate organizations wrote to all members of Congress on Aug. 3 in strong opposition to the measure.
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