WASHINGTON, DC-There are whispers and faint signs that a legislative proposal to change the tax characterization of carried interest may not come to pass–the latest being feedback that International Council of Shopping Centers president Michael P. Kercheval has received about a grassroots campaign the association launched, coordinated with BOMA International.

That effort entailed beseeching member companies of both groups to contact their Congresspeople to warn them of the adverse affects such a change will have on the commercial real estate industry. “The word our members and lobbyists are getting is to ‘call off the dogs,’ ” Kercheval tells Globest.com. “ To me that is a very good sign.” He adds that the campaign was done is a positive spirit. “I think there are many people on the Hill that don’t realize the severe unintended consequences if this were to pass. What we are doing is trying to educate them.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.