On Thursday, February 14, 2019, Senate Finance Committee Chairman Chuck Grassley (R. Iowa) addressed tax policy and various provisions that KBKG and the Real Estate Roundtable have been monitoring closely. In his speech, Senator Grassley expressed his commitment to pursue tax extenders and rejection of press reports suggesting that some provisions may no longer be extended if not included in the recently passed funding bill to avert a government shutdown.
“There have been press reports stating that if the extenders aren’t part of the funding bill, they are dead, and I reject that conclusion. Regardless of what happens on the bill to keep the government open, I will continue to fight to get the extenders enacted and work towards a longer-term resolution,” stated Senator Grassley.
Senator Grassley plans to introduce a bill to address tax extenders, including but not limited to, incentives for constructing energy efficient homes (45L tax credit) and for construction energy efficient commercial building improvements (179D tax deductions), with the goal of extending these provisions for 2018 and 2019 to provide more certainty for taxpayers.
Watch the video below to see Senator Grassley’s related comments on the Senate floor:
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