Bill
Bill > HR5275
US HR5275
US HR5275To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.
summary
Introduced
08/25/2023
08/25/2023
In Committee
08/25/2023
08/25/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.
AI Summary
This bill amends the Internal Revenue Code of 1986 to restore the taxable REIT (Real Estate Investment Trust) subsidiary asset test. Specifically, it increases the limit on the value of assets of a REIT that can be held in taxable REIT subsidiaries from 20% to 25%. This change will apply to taxable years beginning after December 31, 2023.
Committee Categories
Budget and Finance
Sponsors (34)
Mike Kelly (R)*,
Vern Buchanan (R),
Mike Carey (R),
Danny Davis (D),
Suzan DelBene (D),
Ron Estes (R),
Randy Feenstra (R),
Drew Ferguson (R),
Michelle Fischbach (R),
Brian Fitzpatrick (R),
Kevin Hern (R),
Brian Higgins (D),
David Kustoff (R),
Darin LaHood (R),
John Larson (D),
Nicole Malliotakis (R),
Carol Miller (R),
Blake Moore (R),
Gwen Moore (D),
Greg Murphy (R),
Jimmy Panetta (D),
Bill Pascrell (D),
Stacey Plaskett (D),
Linda Sánchez (D),
Brad Schneider (D),
David Schweikert (R),
Terri Sewell (D),
Adrian Smith (R),
Michelle Steel (R),
Greg Steube (R),
Tom Suozzi (D),
Claudia Tenney (R),
Beth Van Duyne (R),
Brad Wenstrup (R),
Last Action
Referred to the House Committee on Ways and Means. (on 08/25/2023)
Taxonomy
Community Development and Housing Issues
- ‐ Housing and Real Estate Finance
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/5275/all-info | 08/26/2023 |
| BillText | https://www.congress.gov/118/bills/hr5275/BILLS-118hr5275ih.pdf | 09/02/2023 |
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