2008 Tax Legislation Outlook
2007. Although NMHC/NAA and other real estate groups were successful in raising concerns among lawmakers about the impact of the provision on the real estate industry and the economy generally, the carried interest issue is very likely to continue to be examined in 2008 and subsequent years as the search for tax increases to fulfill PAYGO requirements continues.Estate TaxEstate tax reform is another issue expected to receive attention in 2008 and significantly more in 2009. In 2001, Congress passed a law that reduces the federal estate tax each year from 2002 to 2009, and then fully repeals it for one…

