In the News Tax Notes

Modifying REIT Rules Could Aid Recovery and Infrastructure Plans

Kirkland partner Stephen Butler is quoted in this article from Tax Notes discussing legislative alternatives for the proposed Retail Revitalization Act of 2021 (H.R. 840) that would ultimately enable increased investment in America’s infrastructure. 

“Stephen Butler of Kirkland & Ellis LLP told Tax Notes that if legislators are willing to consider a broad approach in the coming infrastructure bill — looking beyond public funding options to incentives that would encourage private investment in critical infrastructure — an expansion of the REIT income and asset tests could prove to be ‘a more efficient and cost-effective path than federal cash grants or subsidized financing.’”

Article available to subscribers