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Article: '93 may be year for legislative strides. (federal legislation must be passed to enhance economic strength of real estate industry in 1993) (Review & Forecast, Section IV)
- Article from:
- Real Estate Weekly
- Article date:
- January 27, 1993
- Author:
CopyrightCOPYRIGHT 1993 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In order for the real estate industry to gain a stronger economic footing. it is essential that federal legislation be passed to create a fairer business environment.
The real estate community, led by the National Realty Committee ("NRC"), made substantive progress on many important federal tax issues during the past year. 1993 holds even greater promise that we will make tremendous strides on legislation and policy decisions crucial to the progress of our industry.
1992 ended on a bit of a sour note as President Bush vetoed the omnibus tax bill (H.R. 11) that contained a number of crucial real estate tax policy initiatives.
The good news is, ...