Tax Reform Fact Sheet - Congress should enact pro-growth tax reform that encompasses the individual and corporate side of the tax system. We support tax reform that promotes economic growth and investment in rental housing without unfairly burdening apartment owners and renters relative to other asset classes.
Coalition Urges Congress to Oppose Fair Value Accounting – Change to this accounting method could add “phantom costs” onto federal loan and guarantee programs and could have a “significant impact,” letters say. House LetterSenate Letter
Highway Bills Should Include FIRPTA Reforms, Coalition Says – Coalition statements argue the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) is a “major obstacle to mobilizing private sector capital for infrastructure projects.” House StatementSenate Statement
Tapping Foreign Investors for Apartments May Soon Be Easier – A bill has been introduced in the House that would reduce the barriers that the Foreign Investment in Real Property Tax Act places on foreigners investing in U.S. real estate. This prevents apartment firms and other real estate companies from tapping into foreign capital – an important source for developing, upgrading and refinancing properties.
Industry Makes Tax Reform Proposal Top of Mind - NAA/NMHC submitted the apartment industry’s recommendations on tax reform to the Senate Finance Committee on April 7. We proposed that Congress consider, but also look well beyond, lowering statutory tax rates to focus on the ability of a reformed tax code to efficiently allocate capital and drive job-creating business investment.
528 Organizations Urge Congress to Act on Tax Extenders - Broad Coalition's Letters to Senate and House call for Congress to act in the lame-duck session to extend or make permanent the expired or expiring tax provisions. These provisions are critically important to U.S. jobs, letters state.
Real Estate Organizations Warn of Ramifications of Reforms - Real estate-related trade associations express concerns with Senate Finance Committee’s cost recovery and accounting tax reform discussion draft. Trade groups’ letter says proposed reforms could have a severe, widespread and chilling effect on U.S. real estate activity.
Real Estate Industry Issues Tax Reform Recommendations - NAA, NMHC and other leading real estate trade associations submit their tax reform principles to the U.S. Senate. Letter says coalition strongly supports "overhauling our nation's needlessly complex tax code in a manner that reduces compliance burdens and promotes economic growth."
Apartment Industry Outlines Tax Reform Principles for Congress - Industry spokesperson tells House Committee on Ways and Means that tax reform must be comprehensive and take special care not to harm the thousands of businesses involved in multifamily real estate and the 35 million Americans who lives in apartments.
NAA/NMHC Call on Congress to Create Certainty in Tax Code - Letters ask Congress to enact comprehensive tax reform that doesn't harm the indusry and its ability to build and manage apartments: