Tax Increase on Carried Interests Tabled by Senate

Posted on July 1, 2010 by Kevin Caiaccio

Last week, the Senate tabled the proposed tax increase on carried interests in real estate partnerships when the sponsors were unable to obtain the 60 votes needed for cloture.  As discussed here previously,  this bill is bad for real estate investing and is opposed by industry trade groups, including the National Multi Housing Council.

Although tabled for now, this proposal has been discussed for some time and may resurface.  The House had previously passed the measure last May as a part of H.R. 4213.

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