ENHANCED DEPRECIATION PROPOSAL
July 30, 2010
Our friends at ICSC report that Congresswoman Shelley Berkley (D-NV) introduced H.R. 5943, the Community Renewal and Enhancement (CRE) Act, legislation to allow a fifty percent (50%) depreciation for the portion of any equity investment used to buy down debt on commercial real property. This is something that is highly supported by our industry and hopefully can be used to further educate Members of Congress about the negative impact of taxing carried interest.
Posted In Legislation Updates, Taxes