A group of 94 CREW-St. Louis members and guests gathered for an in-depth look at the new tax reform bills and what effects such changes will have on corporate real estate along with personal taxes.
Held on Feb. 13 at Slate in Downtown St. Louis, Jennifer Merlo, CREW-St. Louis Sponsorship Chair with Rosenblum Goldenhersh, moderated the three guest speakers: Brent Crittenden, CEO, Urban Improvement Construction; Michael Markenson, Rosenblum Goldenhersh; and Ruth Sorrell, Senior Vice President, Advantage Capital Partners. Crittenden, Markenson and Sorrell kicked off the program by explaining the changes to like-kind exchanges, deductions for certain pass-through business income and the depreciation rules.
The speakers went on to explain the new Tax Increment Financing (TIF) rules along with the new Historic Tax Credit (HTC) changes. Crittenden, Markenson and Sorrell proceeded to discuss how such changes in TIF and HTC legislation will affect current St. Louis projects and developments.
“It was great to learn about the new tax reform bills and legislation changes. It was extremely beneficial to hear the speakers explain the several effects of the changes to the real estate industry, and as a result, the effects I should prepare for in my day-to-day job and working with clients,” says Claire Elbert with Commerce Bank.
Brent, Michael and Ruth wrapped up the presentation with an overview of the changes to the Alternative Minimum Tax along with certain tax advantages of GO Zone investments.
CREW-St. Louis Programs Committee Chair, Sharon Henderson, notes, “It was a wonderful event, great Downtown location and perfect venue. All three of our guest speakers thoughtfully explained the topics covered and were able to convey the information to attendees in a simple, straight-forward method. I personally was able to take away a considerable amount of information from the program.”
Claire Elbert concludes, “I really appreciated the take-home cheat sheet the speakers provided that I now can reference anytime I need a quick refresher of the information.”
February 2018 Tax Program Photos