HR 2989
112th Congress
House
Taxation
Financial services and investments
Real estate business
Securities
Taxation of foreign income
U.S. and foreign investments
Real Estate Jobs and Investment Act of 2011
Introduced: September 21, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 21, 2011
Referred to the House Committee on Ways and Means.
Sep 21, 2011
Introduced in House
Plain-English summary
Real Estate Jobs and Investment Act of 2011 - Amends the Internal Revenue Code to increase from 5% to 10% the allowable ownership interest in real estate investment trust (REIT) stock for purposes of tax exemptions allowed by the Foreign Investment in Real Property Tax Act relating to foreign investment in United States real property interests.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1