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On December 19, the U.S. House of Representatives passed a comprehensive tax reform package, H.R.
1/S. 1, by a vote of 227-203. The bill was a compromise struck between the House and Senate’s
previous tax bills. The Senate passed the compromise bill the next day, December 20. H.R. 1 the “Tax
Cuts and Jobs Act,” is a sweeping tax rewrite will have ripple effects for decades through our economy.
Here is a breakdown of the provisions important to the commercial real estate industry.
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The Building owners and Managers Association (BOMA) International is a federation of 93 local associations within the United Staes and fifteen internaltionally affiliated organizations. For more information and a membership application, please contact us today!