Commercial Real Estate Owners Benefit From Keeping American Workers Paid and Employed Act

Mar 27, 2020 - Blog by

Written by: Stephen Moorhead


Good News for Commercial Real Estate Owners!

The Keeping American Workers Paid and Employed Act provides a long-awaited fix to the so-called “Retail Glitch.”  The glitch was the result of an apparent drafting error in the 2017 Tax Cuts and Job Cuts Act.  Certain improvements to commercial real estate (think “build-out”) referred to as “Qualified Improvement Property” were intended to be immediately deductible.  But, instead, the language required them to be depreciated over 39 years.  The new Act allows these items to be immediately expensed.  The correction is retroactive to the initial passing of the 2017 law allowing property and business owners to amend prior returns to take advantage of these deductions.

For additional information about the Act and what it entails, see below links. 


Stephen Moorhead is the Managing Partner of Moorhead Real Estate Law Group. 

He is Board Certified in Real Estate Law by The Florida Bar’s Committee on Education and Legal Specialization and has extensive experience in real estate litigation, real estate development, and all aspects of complex commercial real estate transactions.