Commercial Real Estate

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Hawaii lawmakers are on the path to eliminating a decades’ old exemption on corporate taxes for a certain class of real estate company. Real Estate Investment Trusts, or REITs, were created in Congress in 1960 and their profits are exempt from taxes by the federal government and 49 states.

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REITs Tax ExemptionBishop Museum, Flies & Biological Survey; Mayor Kirk Caldwell

Wikimedia Commons

Raising Taxes on REITs; Arting and Writing; Oral History Project Waikiki Segment

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A leading commercial real estate firm says 2018 was a good year for the sector in Hawai‘i. And this year is likely to be one of change.