To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.

3/9/2024, 8:15 AM

This bill increases from 20% to 25% the value of the total assets represented by securities of one or more taxable Real Estate Investment Trust (REIT) subsidiaries (thus restoring the REIT subsidiary asset test).

Congress
118
Number
HR - 5275
Introduced on
2023-08-25
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

8/25/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This bill increases from 20% to 25% the value of the total assets represented by securities of one or more taxable Real Estate Investment Trust (REIT) subsidiaries (thus restoring the REIT subsidiary asset test).

Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.
Policy Areas
Taxation

Comments

Recent Activity

Latest Summary12/5/2023

This bill increases from 20% to 25% the value of the total assets represented by securities of one or more taxable Real Estate Investment Trust (REIT) subsidiaries (thus restoring the REIT subsidiary asset test).

Latest Action8/25/2023
Referred to the House Committee on Ways and Means.