Real Estate and Construction Newsletter May 2017

Real Estate and Construction Newsletter
May 2017

Director’s Message
Robert Berger

Robert Berger,
Partner

What President Trump’s Proposed Tax Cuts Mean to the Real Estate Industry

President Trump recently unveiled his tax reform outline, and much speculation has ensued.  The outline calls for dramatic tax cuts and simplification, but it’s important to understand this is just a proposal and no legislative language has been revealed. Although preliminary, there are a few key aspects of the President’s proposal that could impact the real estate industry.

Carried Interest – The President’s proposal outlines the elimination of ‘targeted tax breaks that mainly benefit the wealthiest taxpayers’. During his campaign, President Trump mentioned eliminating carried interest. Even under the President’s proposed reduced maximum tax bracket of 35%, a change to carried interest rules would result in a 15 – 20% tax increase for investment fund managers currently utilizing this strategy.

Learn about other proposed tax cuts that could affect your business.

Re-energizing St. Louis with the City Energy Project

Re-energizing St. Louis with the City Energy Project

Energy efficiency is becoming more important than ever for local businesses. St. Louis’ Board of Alderman approved a Building Energy

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By: Gregory V. Wiszkon, CPA
Supervisor + Tax Services

President Trump Outlines Proposed Corporate and Individual Tax Reform

President Trump Outlines Proposed Corporate and Individual Tax Reform

President Trump is proposing the largest tax cut in U.S. history, according to the White House. The 2017 Tax Reform

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By: Michael J. Evans, CPA
Partner and Director + Tax Services

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Bill Blocking St. Louis Minimum Hourly Wage Increase Goes to Governor

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