BREAKING NEWS: $2T Stimulus Bill a Win for Commercial Real Estate, Says NAIOP

The historic $2-trillion economic stimulus bill agreed upon by House and Senate leaders early Wednesday morning in response to the COVID-19 pandemic has a number of positive implications for commercial real estate, according to NAIOP analysis. Among them is a technical correction to the Qualified Improvement Property provision in the 2017 Tax Cuts and Jobs Act.

QIP is now available for immediate expensing, rather than subject to the 39-year depreciation period that made it into the TCJA through a drafting error.

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