Thank you for the opportunity to help you with your question!
The federal government carries
an influence on the real estate industry through income tax policies, programs
dealing with housing subsidies, reporting requirements on federal financial level,
fairness in housing laws as well as disclosure laws. Taxes are the leading factor
that affects real estate. They outdistance every federal action. Some of the
real estate industry taxation include capital gains which especially deal with
carried interest, FIRPTA which taxes foreign investors on the gains after
disposal of real estate, rules that govern 1031 exchanges and corporate taxes. These
taxation policies affect the real estate industry for instance; FIRPTA, targets
reforms in real estate investment trusts and this will attract foreign
investment to the infrastructure and development of real estate.
Congress passed the OSH Act (Occupational
Safety and Health Act) which assures that every working individual in the US is
working in conditions that are safe and helpful. The OSH Act covers every
employee except self-employed citizens. Considering the real estate company I want
to start, the OSH Act will help to set the standards for my employees. OSH
dictates that my responsibility is to provide my employees with jobs and
working environments that do not have any recognized hazards which can cause
death or physical harm. I will also be required to comply with statutory
requirements that are provided by the OSH Act.
Please let me know if you need any clarification. I'm always happy to answer your questions.