Estate Tax and Stepped-Up Basis
The apartment industry supports the retention of current-law stepped-up basis rules. Changes to current law could either diminish or discourage the ability of heirs to make improvements to inherited property. Affordable housing inventory could be lost as a result.
Estate Tax Fact Sheet
Issue Fact Sheet
More information on estate tax, in addition to the NMHC/NAA viewpoint.
Read MoreStepped-Up Basis Fact Sheet
Issue Fact Sheet
More information on stepped-up basis , in addition to the NMHC/NAA viewpoint.
Read MoreFeatured Study
Study Shows Repealing Stepped-Up Basis Would Damage the Economy
A new report released by Ernst & Young finds that repealing the Step-Up in basis tax provision would cause damage to the Gross Domestic Product (GDP) and a significant decrease in job creation.
According to the study’s findings, repealing the step-up in basis would result in:
- 80,000 fewer jobs in each of the first ten years;
- 100,000 fewer jobs each year thereafter; and
- A $32 reduction in workers’ wages for every $100 raised by taxing capital gains at death.
Read the Full Report
