Missouri state data from www.weareapartments.org on the affect of the rental industry upon Missouri.
While there are a number of issues with which we are concerned in the next Congress, tax reform is at the top of the list. Our key points are:
- Tax reform should promote economic growth and investment in rental housing without unfairly burdening apartment owners and residents relative to other asset classes.
- Pass-through entities, which are the most common in real estate and the apartment industry, must be treated equally to corporations. They should not bear the burden of a rate cut for corporate entities, for example.
- Critical investment tools like 1031 “like-kind” exchanges and the LIHTC should be preserved in a tax reform bill. At least the House GOP tax reform “blueprint” places these programs in question.