Leasehold Improvement Bill Introduced

(April 11) --   The U.S. House of Representatives has proposed a new law aimed at bolstering the nation's real estate industry and spurring economic development. The legislation, known on Capitol Hill as HR 1634, calls for a revision of the Internal Revenue Code in order to decrease the recovery period for the depreciation of selected leasehold improvements from 39 years to just 10 years. The bill was introduced by Rep. E. Clay Shaw Jr., who commented, "The Internal Revenue Code's cost recovery rules associated with leasehold improvements are an impediment for building owners needing to make such improvements. As a result, after-tax costs of reconfiguring or building out office, retail, or other commercial space to accommodate new tenants or modernizing workplaces is artificially high."

Source: GlobeSt.com (04/10/03); Murray, Barbra

 

[Go Back]

 

 

Find out what commercial real estate professionals in these companies have been up to!

 Chirico Huber Properties
Colliers Pinkard
Commercial One Group
First Colony Corporation
First LandMark USA, Inc.
Grubb & Ellis|Bissell Patrick
McGuire Properties, Inc/TCN
SouthEast Commercial Real Estate
 Trammell Crow Company

Get Your News in The Voice!
Email press releases to erica@crcbr.org

Coming up in May...

Mandatory Update

 How A Broker Can Be of Value When Working With Developers

Excel Technology Class

Uptown Office Crawl - May 14
Join us for a stroll through Uptown on a beautiful, spring afternoon to learn all you need to know about Charlotte's outstanding Uptown office market. 

Discover the familiar office buildings of Uptown Charlotte:
Stops
Charlotte Plaza
Hearst Tower
Bank of America Corporate Center
Carillon
First Citizens Bank Plaza
Three Wachovia Center
Ivey's
Walk Bys
IJL Financial Center
Interstate Tower
200 South Tryon
230 South Tryon

Click on the links below to visit our sponsor websites.

Beacon Partners

 Cousins Properties, Inc.

Huntersville Business Park

 Lauth Property Group

Barker Corvus

Edifice, Inc.

Kennedy Covington Lobdell & Hickman, LLP

The International Business Park at Concord

Lichtin Corporation

Trinity Partners

The Staubach Company

US Land Management Company

 

CRCBR
PO Box 36566
Charlotte, NC 28236-6566
704.377.8982 phone
704.377.8983 fax
info@crcbr.org
www.crcbr.org