Tag: taxes

Property Tax Bills by Congressional Districts Vary Up to $11K

Filed in Capitol Hill, Economics by on July 23, 2019 1 Comment
Property Tax Bills by Congressional Districts Vary Up to $11K

A new study released by NAHB reveals a nearly $11,000 difference in average property tax bills among the country’s most and least expensive congressional districts.

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NAHB, Real Estate Groups Urge Congress to Oppose Carried Interest Bill

Filed in Capitol Hill by on March 28, 2019 0 Comments
NAHB, Real Estate Groups Urge Congress to Oppose Carried Interest Bill

NAHB and more than a dozen other real estate industry groups have sent a joint letter to Congress urging lawmakers to reject the Carried Interest Fairness Act (H.R. 1735). The bill would result in a huge tax increase on countless Americans who use partnerships in businesses of all types and sizes.

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NAHB Opposes House and Senate Bills to Eliminate Carried Interest

Filed in Capitol Hill, Multifamily by on March 21, 2019 0 Comments
NAHB Opposes House and Senate Bills to Eliminate Carried Interest

Sen. Tammy Baldwin (D-Wis.) and Rep. Bill Pascrell (D-N.J.) last week introduced the Carried Interest Fairness Act of 2019, which would impose a major tax increase on real estate by generally requiring carried interest to be classified as ordinary income rather than a capital gain.

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More States Considering Onerous Remodeling Tax

Filed in Remodelers by on March 13, 2019 1 Comment
More States Considering Onerous Remodeling Tax

Connecticut, Texas, Illinois and Nebraska are among the states that are considering tax proposals on home repairs, renovations and labor.

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A Wide Disparity in State Property Taxes

Filed in Economics by on March 8, 2019 7 Comments
A Wide Disparity in State Property Taxes

There is nearly an $8,000 difference between what residents of the state with the highest property taxes pays compared to those who live in the state with the lowest rate. Find out where your state stands.

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House Approves 3 Tax Reform Bills; No Plans for Senate Action

Filed in Capitol Hill by on September 28, 2018 0 Comments
House Approves 3 Tax Reform Bills; No Plans for Senate Action

The House this week approved a package of three tax bills known collectively as “Tax Reform 2.0” that are intended to build on the enactment of last year’s Tax Cuts and Jobs Act. However, the Senate is not expected to act on any of the measures in this congressional session.

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House Republicans Introduce ‘Tax Reform 2.0’ bills

Filed in Capitol Hill, Tax Reform Toolkit by on September 11, 2018 0 Comments
House Republicans Introduce ‘Tax Reform 2.0’ bills

House Republicans yesterday unveiled their long-anticipated package of tax changes, which are intended to build on the enactment of last year’s Tax Cuts and Jobs Act. Known as Tax Reform 2.0, it is actually a package of three bills. The House Ways and Means Committee is expected to take up the bills quickly, possibly later this week.

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What You Need to Know About the 20% Pass-Through Deduction

Filed in Codes and Regulations, Tax Reform Toolkit by on September 4, 2018 0 Comments
What You Need to Know About the 20% Pass-Through Deduction

The Tax Cuts and Jobs Act signed into law late last year created a new section of the tax code that provides a 20% deduction for “qualified business income” generated by pass-through entities such as LLCs, partnerships and S-corporations. The IRS published proposed regulations to provide clarity to the law and NAHB breaks down what it means.

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Treasury Releases Draft Regulations for 20% Pass Through Entities

Filed in Codes and Regulations by on August 8, 2018 1 Comment
Treasury Releases Draft Regulations for 20% Pass Through Entities

The Treasury Department today released draft regulations for the new 20% pass through entity deduction under the Tax Cuts and Jobs Act of 2017.

The proposed regulations concern the deduction for qualified business income under Section 199A of the Internal Revenue Code.

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Why Federal Tax Reform Will Force States to Change Their Tax Codes

Filed in Capitol Hill by on October 10, 2017 0 Comments
Why Federal Tax Reform Will Force States to Change Their Tax Codes

As Congress presses forward with reforming our federal tax code, an often overlooked aspect is the vast majority of state tax codes that are directly linked to the federal tax code. This means that if federal tax reform is successful, many states will find their own tax code out-of-date, and some states will embark on their own tax reform process.

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