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Real Law

Mar. 23, 2010

Targeted for Taxation

By GREG KANE CREJ Staff Writer A California lawmaker has proposed eliminating a section of the Internal Revenue Code that provides a capital gains exemption for owners who swap similar properties - one of a number of budget-minded tax proposals with significant commercial real estate implications floating around Sacramento.

By GREG KANE

CREJ Staff Writer

A California lawmaker has proposed eliminating a section of the Internal Revenue Code that provides a capital gains exemption for owners who swap similar properties - one of a number of budget-minded tax proposals with significant commercial real estate implications floating around Sacramento.

Assembly Bill 2640, introduced in the state Legislature in mid-February, tackles a range of sales, income and other tax iss...

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