Potential impacts of budget reconciliation on the real estate sector

With key provisions from the Tax Cuts and Jobs Act (TCJA) set to expire and additional reforms under consideration as part of the president’s tax reform agenda, staying abreast of these developments and their potential impact on the real estate (RE) industry is of critical importance.

Join our panel of EY professionals as they provide real-time insights into the current state of tax reform and highlight some of the key developments embedded within the tax reform discussion that could affect the RE industry.

Topics to be discussed include:

• A tax policy update from Washington Council Ernst & Young, including status of the budget reconciliation process
• Expiring TCJA provisions and other potential federal tax changes relevant to the real estate, hospitality and construction (RHC) sectors
• IRS and Treasury guidance, rulings and enforcement trends with implications for the RHC sectors
• Tax considerations for businesses in light of potential legislative changes
• The legislative path forward and what stakeholders should expect in the coming months

Date: Tuesday, June 3, 2025

Time: 1:00–2:00 p.m. ET New York; 10:00–11:00 a.m. PT Los Angeles

Registration: Register for this event.

CPE credit offered: up to 1.2 depending on duration. Recommended field of study: Taxes. Learning objectives: Analyze the status of the federal budget reconciliation process and the key tax provisions impacting the RHC sectors; identify expiring tax provisions of the TCJA and other proposed tax changes relevant to stakeholders; recognize potential tax policy changes and their implications for compliance, reporting and planning considerations. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

EY webcast managed and produced by Ernst & Young LLP’s Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax | lynn.fairfax@ey.com and Barbara Kirchheimer | barbara.kirchheimer@ey.com

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