Changes to Proposition 13 Could Cause Commercial Property Owner Taxes to Increase by $11 Billion

California’s landmark property tax law may be facing a change. An effort to repeal protections of the property tax-cutting measure known as Proposition 13 for commercial real estate has qualified for the state’s 2020 ballot. [1] The measure qualified for the ballot in October after proponents collected more than the 644,000 signatures required by state [...]

By |2019-08-28T00:05:37+00:00March 14th, 2019|.|Comments Off on Changes to Proposition 13 Could Cause Commercial Property Owner Taxes to Increase by $11 Billion

NEW TAX RULES | FEDERAL INTEREST RATES | SALE-LEASEBACKS

New Tax Rules New provisions restrict the deductibility of business interest for companies with gross receipts in excess of $25 million. Now interest totaling just 30 percent of earnings before taxes, depreciation and amortization can be deducted on taxes. [2] Federal Interest Rates The Fed’s next policy meeting is scheduled for June 12-13 and [...]

By |2019-08-27T22:10:17+00:00June 14th, 2018|.|Comments Off on NEW TAX RULES | FEDERAL INTEREST RATES | SALE-LEASEBACKS