This key component of the One Big Beautiful Bill (OBBB) is a game changer for commercial real estate
July 4th turned out to be more than the usual celebration of our nation’s independence. It also ushered in the resetting and expansion of key tax rules that will directly benefit commercial property owners and tenants. The so-called One Big Beautiful Bill (OBBB) was signed into law on Independence Day through the use of a process called Reconciliation, which allows legislation to pass in the US Senate with a simple majority vote. The bill passed on partisan lines, as expected, but is nonetheless now the law of the land.
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