WASHINGTON, DC–As part of the mark-up for the “Tax Cuts and Jobs Act” introduced in the House of Representatives last week, House Ways and Means Chairman Kevin Brady plans to attach a three-year holding period to carried interest. He first announced his intention on CNBC Monday morning, saying it is to “make sure it's really focused on those long-term, traditional real estate partnerships.”
The current hold period is one year.
This measure is meant to address the critics that claim that people in the hedge fund and other industries flip investments quickly. The longer-term holds, the theory goes, are those that create the most jobs.
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