Apartment Trends Magazine March 2015 | Page 33

Keeping the World Safe from Lawyers, one Trip Hazard at a time! • Increase to $1 million the amount of qualifying investment a small business can expense as opposed to having to depreciate; and • LOCALLY OWNED AND OPERATED SINCE 2003 Modify and extend the New Markets Tax Credit. In terms of increases that could impact the multifamily industry, and that are once again proposed this year, the budget would: • Tax carried interest at ordinary income rates instead of at capital gains rates; • Limit to $1 million the amount of capital gains that could be deferred by using like-kind exchanges; • Subject additional taxpayers to the estate tax by lowering the exclusion amount to $3.5 million from $5.43 million and increasing the tax rate to 45 percent from 40 percent; and • Reduce the value of itemized tax deductions and certain health and retirement contributions to 28 percent from today’s maximum of 39.6 percent. For More Apartment Advocate, please visit www.naahq.org www.aamdhq.org AFTER TRIP HAZARDS EXIST: In sidewalks, driveways, curbs, pool decking, around tree roots, drainage areas… “Increase Tenant Satisfaction & SAVE up to 80% of project costs by SIDEWALK SHAVING, NOT REPLACING.” CONCRETE REPAIR EXPERTS General Concrete • Crack Repair / Caulking • Protective Coatings 303.287.1959 • AtlasConcreteSolutions.com MARCH 2015 • TRENDS | 31