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House Bill Would Create Tax Incentive for CRE Loan Modifications and Debt Workouts

A bill introduced in the U.S. House of Representatives would amend the tax code to make it easier for commercial real estate borrowers to defer taxes applied to their properties during loan modifications or debt workouts. The bill aims to reduce some of the distress associated with the upcoming wave of commercial real estate loan maturities. The bipartisan bill, HR 5508, was introduced Sept. 19 by Rep. Claudia Tenney (D-NY) and Rep. Brian Higgins (R-NY), and co-sponsored by Rep. Mike Lawler (R...
Joe Biden Jeffrey Deboer Morgan Stanley Means Committee Us Senate Claudia Tenney
Source: yahoo.com

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