Late revision supplies break based on investments in property
Corker, who dropped opposition, says he wasn’t aware of change
By Lynnly Browning and Benjamin Bain | Bloomberg
Lawmakers scrambling to lock up Republican support for the tax reform bill added a complicated provision late in the process — one that would provide a multimillion-dollar windfall to real estate investors such as President Donald Trump.
“We are hopeful that if approved, the proposed tax bill will provide benefits to all of our real estate clients, from small, family enterprises to highly sophisticated developers and publicly traded companies, and that these tax benefits will keep the real estate market in Arizona strong for years to come.”