CCIM Institute provides relevant legislative news and supporting resources to protect members' businesses. Federal, state, and local laws impact the typical commercial real estate practitioner on a daily basis.
CCIM Institute and IREM® (The Institute of Real Estate Management) invite you to a complimentary virtual luncheon briefing on July 21, 2021, 12-1 p.m. EDT, addressing:
Preserving the 1031 Like-Kind Exchange
Useful tool or just a tax loophole? Learn how 1031 exchanges provide flexibility that helps revitalize buildings and communities by creating jobs and increasing affordable housing.
Just about everyone agrees there is an affordable housing shortage, but who's responsible and how to fix it is a murkier picture.
President Joe Biden recently unveiled The American Families Plan, which would invest $1.8 trillion into programs such as education, child care, and paid family leave. However, to pay for the plan, the president also proposed a number of tax increases ― including repealing 1031 like-kind exchanges for gains greater than $500,000.
The 1031 like-kind exchange tax benefit has been around for 100 years and has been used by a broad range of Americans, including farmers and ranchers. Moreover, a mountain of data details its proven economic benefits. Repealing or limiting 1031 exchanges could cause serious harm to the economy or the already reeling commercial real estate industry. Take a look at these two fact sheets dispelling the myths surrounding 1031 exchanges:
To combat this issue, we ask that you share your story, so we can in turn share them with members of Congress. The details you provide about the positive impact that 1031 like-kind exchanges continue to have on communities across the nation serve a vital role in our ongoing advocacy efforts around this important issue. We'll be sharing these stories with Congressional members to more fully illustrate the impact of the potential loss of 1031 exchanges for gains greater than $500,000 currently under consideration.
Share Your Story
New EY Macroeconomic Impact Study: 2021 Contributions of Like-Kind Exchanges to the U.S. Economy
Ernst & Young (EY) recently published new research on the economic activity resulting from 1031 like-kind exchanges in the United States. Prepared on behalf of the Section 1031 Like-Kind Exchange Coalition, of which CCIM Institute is a member, the report details the far-reaching effects of like-kind exchanges, including growth in employment, GDP, and consumer spending.
With potential bipartisan support for infrastructure, could 2021 be the year for a breakthrough in Washington, D.C.? Learn more about this and other public policy issues affecting commercial real estate in the Spring 2021 issue of Commercial Investment Real Estate magazine.
The CCIM Federal Advocacy Center allows you to directly advocate for legislative issues critical to commercial real estate and includes a legislator look-up to easily identify your elected officials.
Track the status of bills state-by-state that affect the commercial real estate industry.
CCIM Institute members are eligible to contribute to RPAC - the REALTORS® Political Action Committee. Since 1969, RPAC has promoted pro-REALTOR® candidates across the U.S. During the last federal election cycle alone, RPAC contributed more than $12 million to pro-REALTOR® congressional candidates, ranking as the nation's No. 1 trade association political action committee. RPAC is not only powerful, but also bipartisan. Political party is not a criteria - RPAC supports candidates who support REALTORS®. In addition to direct contributions, RPAC distributes political information to REALTOR® members across the country, including CCIM Institute members, encouraging them to vote for REALTOR®-supported candidates. RPAC is your best investment in preserving the right to own real estate and protecting our industry.
The extraordinary challenges presented by the COVID-19 pandemic call for extraordinary efforts. That's why CCIM Institute and the Institute for Real Estate Management have been working together and collaborating with other real estate industry partners to advocate on behalf of the industry and provide invaluable resources to help commercial real estate practitioners successfully navigate these uncertain times. CCIM Institute continues to represent your voice and interests at all levels of government to ensure the industry remains vital and healthy. Take a look at the infographic detailing the tangible results we've already seen and what initiatives we're working on next.
The CCIM Institute publishes annual updates of the legislative and public policy positions for chapter presidents, legislative chairpersons, and interested members. Chapters are encouraged to use this information as a guide for monitoring legislative issues and to promote member participation in state, local, and federal legislative matters.
Briefing papers have explained how national and state laws and regulations affect your business. Written and researched by CCIM's legislative staff, briefing papers have provided background information on key issues. Find our archive of briefing papers here.