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What the Largest Tax Overhaul in 30 Years Means for Companies

A look at the new tax code and its impact on U.S. businesses.

By Matt Townsend | Updated on December 20, 2017

The impact of the biggest overhaul of the U.S. tax code in three decades will spread far and wide starting next year, highlighted by a cut in the corporate rate to 21% from 35%, fully allowable deductions for capital expenses and lower levies on repatriating overseas profits.

Here’s how the law will most likely affect various industries:

Real Estate/Homebuilders

Republicans firmed up late support for the overhaul by adding a measure that will provide a windfall to real estate investors like President Donald Trump. The change allows real estate businesses to claim a new tax break that’s planned for partnerships, limited liability companies and other so-called “pass-through” entities.

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