WY continues to resist change - and gets tax relief in the short run

Implications: As the author pointed out - WY has resisted some might say "dodged" the REIT bullet again, finally getting the so called tree act through, after several attempts to get relief legislation in previous years.  One might ask why there is resistance in the first place?  A operational benefits that WY will enjoy is the flexibility that "comes with" C-Corp lands.  Under the REIT structure, many rules are required to maintain the lower tax status, as well as operational hoops required to form the REIT

Analysis: WY is now propring an attempt at a REIT in possibly 2010.  It will be inteesting to see if WY makes a full blown run at a REIT - or utilizes other methods of communicating the pitfalls of REITS, or ignores the issue untik they are ready to deal with it?