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Q&A: What the Tax Cuts and Jobs Act Could Mean for CRE Businesses

November 27, 2017 CGS3 Entity Formation

The Tax Cuts and Jobs Act (H.R.1) introduced into Congress in early November provides a road map for a comprehensive reform of the nation’s tax code. Such an overhaul could prove to be significant for real estate businesses and influence the strategies they adopt for the future. In a recent Q&A with GlobeSt, CGS3 partner and tax chair Phil Jelsma discussed the implications and potential impact of the Act on commercial real estate business, including limitation on interest deductions, change to solar energy credits, and possible effects of the proposed tax rate on qualified business income.

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