To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.
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).
Bill status
in committee
1 of 4 stages cleared
Introduction
Aug 2023
Committee Review
Floor Vote
President
Introduced Aug 25, 2023
Last action Aug 25, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Aug 25, 2023
Committee
Referred to the House Committee on Ways and Means.
lower
Aug 25, 2023
Introduced
Introduced in House
lower
1 primary · 33 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mike Kelly
RRepublican
Co
A. Drew Ferguson IV
RRepublican
Co
Adrian Smith
RRepublican
Co
Beth Van Duyne
RRepublican
Co
Bill Pascrell, Jr.
DDemocratic
Co
Blake D. Moore
RRepublican
Co
Brad R. Wenstrup
RRepublican
Co
Bradley Scott Schneider
DDemocratic
Co
Brian Higgins
DDemocratic
Co
Brian K. Fitzpatrick
RRepublican
Co
Carol D. Miller
RRepublican
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