OP/ED: REAL ESTATE’S VITAL TO THE ECONOMY; TAX LAWS MUST BE WELL DESIGNED

 

The following opinion piece written by Jeff DeBoer, president of the Real Estate Roundtable, was published this week in USA Today.

The Real Estate Roundtable, a non-partisan group focusing on issues affecting our industry, has long maintained that all business investments, including real estate, be taxed on the economics of the investment. Tax incentives should be rare and limited to situations justified by market failures or societal goals.

Capital investment by America’s businesses stimulates jobs and economic activity. Tax law allows, through depreciation and amortization, the recovery of capital investment costs. Just as airlines depreciate aircraft, technology companies amortize R&D, and manufacturers depreciate plants and equipment, real estate owners depreciate buildings.

Click here to read the full piece.

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