Pipeline · Bill → Law
Step 1
Introduced
May 30, 2023
Step 2
Referred
May 30, 2023
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
Timeline · 2 actions
May 30, 2023
Introduced in House
May 30, 2023
Referred to the House Committee on Ways and Means.