In a message to NAIOP members today, President and CEO Marc Selvitelli shared this statement:

Today, the House of Representatives passed the Senate version of President Donald Trump’s tax reconciliation measure, sending it to the president for signature.

For the commercial real estate industry, this legislation marks a significant victory. NAIOP’s advocacy played a vital role in ensuring that the final bill reflects and protects the interests of our members on the issues that matter most to your businesses.

In next week’s Source newsletter and on the Market Share blog, we’ll provide a detailed breakdown of the provisions that were made permanent, along with the harmful proposals we successfully fought to exclude.

While this is a major win, our work continues. We remain committed to advancing key priorities, including our ongoing push for a federal adaptive reuse tax incentive.

Wins like this underscore the real value of belonging to an active, engaged association that works tirelessly to represent your voice on Capitol Hill. Thank you for your continued support.