The group of the trade associations supporting investment incentives for real estate came apart at the end for the tax bill worked out by House and Senate conferees. Though the participants believe the differences can be resolved, the outcome of the presidential election would leave the fate of the incentives in doubt, regardless of the outcome.

The most dramatic switch came when the National Association of Home Builders decided to actively oppose the measure when conferees dropped a provision in the Senate version that would have provided a credit to first-time home buyers equal to 10% of the purchase price up to a maximum of $2,500.

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