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

3/9/2024, 8:15 AM

Congressional Summary of HR 5275

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).

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Current Status of Bill HR 5275

Bill HR 5275 is currently in the status of Bill Introduced since August 25, 2023. Bill HR 5275 was introduced during Congress 118 and was introduced to the House on August 25, 2023.  Bill HR 5275's most recent activity was Referred to the House Committee on Ways and Means. as of August 25, 2023

Bipartisan Support of Bill HR 5275

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
27
Democrat Cosponsors
11
Republican Cosponsors
16
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5275

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 5275

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

Comments

Sponsors and Cosponsors of HR 5275

Mike Kelly
Mike Kelly
PennsylvaniaRepublican
Brad R. Wenstrup
Brad R. Wenstrup
OhioRepublican
Beth Van Duyne
Beth Van Duyne
TexasRepublican
Claudia Tenney
Claudia Tenney
New YorkRepublican
Bradley Scott Schneider
Bradley Scott Schneider
IllinoisDemocrat
Terri A. Sewell
Terri A. Sewell
AlabamaDemocrat

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