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In 2025, GRACRE will spend 30% of member dues on supporting lobbying activity at the state level. The IRS has ruled that you may not deduct, as a business expense, the portion of the dues spent on lobbying at the state and federal level. Annual GRACRE dues are $300.00 for 2025. In calculating deductible business expenses, you must subtract 30% from your total dues amount. As always, consult with your tax professional for assistance in determining your allowable income tax deductions.
GRACRE provides opportunities for professionals in all disciplines relating to commercial real estate to interact with one another. GRACRE encompasses the City of Richmond and the counties of Chesterfield, Goochland, Hanover, and Henrico. Commercial Real Estate is your industry and Greater Richmond Association for Commercial Real Estate (GRACRE) is the association that looks out for your interests. Together, we are an effective tool and significant voice.
In 2025, GRACRE will spend 30% of member dues on supporting lobbying activity at the state level. The IRS has ruled that you may not deduct, as a business expense, the portion of the dues spent on lobbying at the state and federal level. Annual GRACRE dues are $300.00 for 2025. In calculating deductible business expenses, you must subtract 30% from your total dues amount. As always, consult with your tax professional for assistance in determining your allowable income tax deductions.