WASHINGTON, DC–The Senate Finance Committee unveiled its own tax measures on Thursday afternoon, a day earlier than many had expected.
The measure differs significantly from the version that debuted in the House of Representatives, which means some serious negotiating between the two bodies lie ahead, to say nothing of the lobbying by various interests.
There are differences in the tax rates and the treatment of certain deductions. The Senate's version of the tax bill also delays reducing the corporate tax rate to 20% until 2019.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
