https://www.rer.org/roundtable-weekly/february-28-2025/#major-tax-and-fiscal-package-gains-momentum-as-house-passes-budget-resolution
- Some lawmakers have raised “Business SALT” and potential restrictions on the deductibility of state and local property taxes as a possible revenue offset for the tax bill.
- Eliminating the business deduction for property taxes would be the equivalent of raising property tax bills on commercial real estate by roughly 40 percent.
- “Business taxes are fundamentally different from state and local individual income taxes. State and local business taxes are an unavoidable expense, an inescapable cost of doing business,” observed Real Estate Roundtable President and CEO Jeffrey DeBoer last week. (Roundtable Weekly, Feb. 21)
