For many of us that are involved in professional real estate designations (CCIM, CRB, SIOR, CRS, etc.), we’ve spent countless hours studying, networking and differentiating ourselves from the pack in order to better represent ourselves and our clients. Among the benefits is being alerted to the fact that someone in Washington is making a move that will impact our clients, their businesses and our livelihood without the aid of the WSJ, CNBC or the mainstream media’s focus on its impact to our profession. Below is an alert I received this evening that I wanted to pass along to the BHB:<\/p>\n
\nCCIM INSTITUTE CALL TO ACTION: OPPOSE TAX INCREASE ON COMMERCIAL REAL ESTATE<\/strong><\/p>\n
House Ways and Means Chairman Charlie Rangel (D-NY) is moving forward with legislation that would make major changes to the tax structure. The bill proposes a massive tax increase for real estate partnerships, raising the tax rate on “carried interest” from 15% to 35%. This legislation would significantly impact commercial real estate projects, most of which are organized in partnerships. Why this legislation is detrimental to real estate practitioners:<\/p>\n
\n\n
- Drives investors to put their money elsewhere such as stocks with much more favorable tax treatment;<\/li>\n
- Diminishes the value and\/or put many partnership out of business because the capital would not be there to facilitate them;<\/li>\n
- Creates a disincentive to investing in real estate since many would no longer earn a reasonable profit;<\/li>\n
- Stifles growth in a part of our economy which has become increasingly important over the last several years due to manufacturing, call centers, and other key industries moving offshore;<\/li>\n
- Punishes partners involved with prior arranged transactions by causing a totally different economic result than all partners agreed with in advance; and,<\/li>\n
- Fails to recognize that real estate investors are involved in their investments daily, while hedge fund managers are not involved daily in their investments.<\/li>\n<\/ul>\n<\/div>\n
Contact your U.S. Senators and Representative informing them of your concerns and urge them to oppose the carried interest provision. How to contact your legislators:<\/p>\n
\n
- Look up your Members of Congress<\/a> and their contact information;<\/li>\n
- Introduce yourself in a sentence or two. For instance: “I am Read more<\/a><\/li>\n<\/ol>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"
For many of us that are involved in professional real estate designations (CCIM, CRB, SIOR, CRS, etc.), we’ve spent countless hours studying, networking and differentiating ourselves from the pack in order to better represent ourselves and our clients. Among the benefits is being alerted to the fact that someone in Washington is making a move […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,8,5],"tags":[],"class_list":{"0":"post-2141","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-general","7":"category-investment","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1304,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1304\/designations-real-education-marketing-give-me-a-break\/","url_meta":{"origin":2141,"position":0},"title":"Designations — Real Education — Marketing — Give Me A Break","author":"Jeff Brown","date":"April 15, 2007","format":false,"excerpt":"I apologize in advance for the War and Peace length of this post. And also to those who, even though my intent is good, will become offended at the thoughts offered. My intention here is to offer real clarification to real estate investors as to what is really required in\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2008,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2008\/technology%e2%80%a6-a-terrible-thing-to-waste\/","url_meta":{"origin":2141,"position":1},"title":"Technology\u2026 A Terrible Thing To Waste","author":"Sean M. Broderick, CCIM","date":"October 6, 2007","format":false,"excerpt":"Hopefully as a new contributor to the forum I will be able to provide some insight on the commercial side of the business. Without going into the history of the Site To Do Business and its involvement with the CCIM Institute (I\u2019ll save that one for a later date), I\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1340,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1340\/the-zebra-gets-it-done-one-down-four-to-go\/","url_meta":{"origin":2141,"position":2},"title":"The Zebra Gets It Done — One Down, Four To Go","author":"Jeff Brown","date":"April 23, 2007","format":false,"excerpt":"Daniel Rothamel over at The Real Estate Zebra, just returned from his first CCIM course, CI 101. I note this because as I wrote recently in these pages, if you wish to truly advise investors, you should actually know something about after tax cash flow analysis, income taxes as they\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6279,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6279\/over-100-you-better-improve-my-friggin-bank-account\/","url_meta":{"origin":2141,"position":3},"title":"Over $100? You Better Improve My Friggin’ Bank Account!","author":"Jeff Brown","date":"December 26, 2008","format":false,"excerpt":"I was inspired to write this post as I read the comments on Brian Brady's recent post on Cyber Pros... The conversation turned to the relative value of various barcamps, seminars, and conferences. As you might've guessed I have some thoughts on the subject. Go figure. I've attended seminars etc.\u2026","rel":"","context":"In "Enduring Interest"","block_context":{"text":"Enduring Interest","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/enduring-interest\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2006,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2006\/the-lords-of-dogtown-how-do-you-get-to-be-a-bloodhoundblog-contributor\/","url_meta":{"origin":2141,"position":4},"title":"The Lords of Dogtown: How do you get to be a BloodhoundBlog contributor?","author":"Greg Swann","date":"October 5, 2007","format":false,"excerpt":"We're adding a new contributor today, Sean M. Broderick, CCIM: Sean Broderick is a real estate developer and a practicing commercial real estate broker, holding the coveted CCIM designation. His career has taken him from Florida to California, with a stint in minor league baseball. James Hsu, who has always\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2085,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2085\/increasing-loan-limits-for-va\/","url_meta":{"origin":2141,"position":5},"title":"Increasing Loan Limits for VA","author":"Sean M. Broderick, CCIM","date":"October 24, 2007","format":false,"excerpt":"First off.. Well done to Brian, Kris and Jeff (good stuff).. I can only stand so much of the 'canned' news coverage of the situation in So Cal.. I used to work 2 1\/2 yrs in San Juan Capistrano (yes, while commuting from Northern Cal) as the \"real estate guy\"\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=2141"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2141\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=2141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=2141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=2141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}