118th Congress · HOUSE BILLBILL

H.R. 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.”

Taxation

Introduced Aug 25, 2023

Last action Aug 25, 2023

Pipeline · Bill → Law

Step 1

Introduced

Aug 25, 2023

Step 2

Referred

Aug 25, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS 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).

Provisions · 1 sectionsIntroduced in House

Timeline · 2 actions

Aug 25, 2023

Introduced in House

Aug 25, 2023

Referred to the House Committee on Ways and Means.