Members and Friends –
The Republican leadership has released its blueprint for comprehensive tax reform.
The IPA and our coalition partners remain committed to working with Congress to achieve a bold tax reform outcome that broadly:
- Reforms and improves our tax code in a manner that positively impacts our industry;
- Provides an industry-based exclusion from the net interest expense limitation proposed by the framework for real estate investment trusts (REITs) and regulated investment companies (RICs); and,
- Retains Section 1031 of the Code to preserve the ability to continue an investment in like-kind property, especially in light of the potential carve-out of “structures” from the framework’s immediate expensing proposal.
Advocacy In Action!
As discussed in depth at IPAVision 2017, both on our Advocacy In Action panel and during the Tax Reform Workshop, the IPA will be rolling out a proactive advocacy plan in the days ahead. Most immediately we are sending a focused team consisting of IPA leadership, Member firm tax experts and our partners at the Eris Group, for targeted meetings on Capitol Hill on October 10.
We will continue to keep you informed on the tax reform issues specific to our industry. In the months ahead, we will work with IPA membership to: EDUCATE, ADVOCATE and MOTIVATE!
President and Chief Executive Officer
Investment Program Association