IPX1031 Insight Blog

1031 Update on Capitol Hill – $3.5T Infrastructure Bill Begins – September 2021

September 2021

1031 Will Be In or Out

The House recently passed the 2022 reconciliation Budget Resolution that sets up work on the 3.5 trillion infrastructure plan including social programs and tax increases. It is the tax increases that threaten Section 1031 with a $500K cap for each taxpayer. House Ways & Means Committee Chairman Richard Neal notified the Committee’s members to be ready for the Committee reconciliation markup on September 9 and 10 and then the following week on September 13 and 14.

Now is the time to make your voices heard

 > If you have ALREADY sent letters to Congress and the Senate, we are asking you to do it AGAIN

 > If you NEVER sent letters, we are asking you to do it NOW

Locate a 1031 Expert In Your Area

Recent Posts

Be Prepared If Your 1031 Transaction Needs to Go in Reverse

1031 Exchange transactions continue to be on the rise. What’s also trending is the need for Reverse Exchanges. With limited available inventory and the need to secure your ideal Replacement Property, you may find yourself in a situation where a Reverse Exchange is...

1031 Exchange Trends and Info for 2024

2024 is underway! Below are key trends, issues and points regarding 1031 Exchanges and Commercial Real Estate.  1031 Exchange Trends and Market Update 2024 After a challenging 2023 year for Commercial Real Estate and 1031 Exchange transactions, what’s in store...

Pin It on Pinterest