Retail Revitalization Act of 2023
Summary
Retail Revitalization Act of 2023 This bill amends tax rules for real estate investment trusts (REITs). It increases (1) the share of equity investments a distressed retail tenant may receive from a REIT from 10% to 50%, and (2) the equity share for regular tenants from 10% to 30%. The bill also allows taxable REIT subsidiaries to accept equity in a retail tenant's businesses as a form of rent, subject to certain restrictions.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2023
Committee Review
Floor Vote
President
Introduced May 30, 2023
Last action May 30, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 30, 2023
Committee
Referred to the House Committee on Ways and Means.
lower
May 30, 2023
Introduced
Introduced in House
lower
1 primary · 10 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Darin LaHood
RRepublican
Co
Bill Pascrell, Jr.
DDemocratic
Co
Brad R. Wenstrup
RRepublican
Co
Bradley Scott Schneider
DDemocratic
Co
Carol D. Miller
RRepublican
Co
Claudia Tenney
RRepublican
Co
Dwight Evans
DDemocratic
Co
Jimmy Panetta
DDemocratic
Co
Linda T. Sánchez
DDemocratic
Co
Nicole Malliotakis
RRepublican
Co
Suzan K. DelBene
DDemocratic
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