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ADISA Places the New “Guide to Like-Kind Exchanges” into the Hands of Key Congressional Staff

Oct 09, 2017

As part of its ongoing advocacy efforts on preserving 1031 Like-Kind Exchanges in any possible tax reform strategy, ADISA recently sent a mailing to key Congressional staff members that included the new “Guide to Like-Kind Exchanges,” which presents easy-to-read information on Like-Kind Exchanges—how they work and their real value to the economy.

“We, of course, will follow up this action with more outreach to Congressional leaders involved with tax reform and policy,” said ADISA’s Executive Director/CEO, John Harrison. “We hope ADISA can be of use in answering questions or providing further data. LKEs were built into the original tax code (almost 100 years ago) as an economic growth stimulus, and ADISA stresses to Congress how important they are to local economy particularly.  Our Legislative and Regulatory Committee, headed by Chair Catherine Bowman and Vice-chair Larry Sullivan, are tracking this issue closely,”  said Harrison.   

Recipients of the mailing included key staff members of the Senate Finance Committee and the House Ways & Means Committee. All recipients were invited to contact ADISA with any questions they may have to learn more about the value of Like-Kind Exchanges, and hopefully this will encourage more open dialogue between our industry professionals and Congress.   

ADISA also reminds members that they can easily contact their Members of Congress with a letter on the 1031 issue by visiting ADISA’s Advocacy Center at http://www.adisa.org/advocacy/1031-call-to-action.