The White House recently released details of President Joe Biden’s proposed $1.8 trillion American Families Plan. The Plan includes a cap on gains deferred through a 1031 exchange as a way to defray part of the Plan's overall cost. The proposed limitation to 1031 exchanges would negatively impact American families and businesses.
This week, House Ways and Means Chairman Richard Neal notified the Committee’s members to be ready for the Committee reconciliation markup September 9-14. The Committee's mark-up of their portion of the reconciliation bill will include all tax-related items in the legislation -this may include the proposed cap on Section 1031.
By clicking 'take action today' below you can quickly and easily send a letter to your representatives to let them know they should preserve Section 1031 rules and regulations in their current state.
For those who wish to submit a letter directly to members of the House Ways & Means Committee, we have included a link to a letter template and a list of majority members' contact information.