S 1616
112th Congress
Senate
Taxation
Financial services and investments
Real estate business
Securities
Taxation of foreign income
U.S. and foreign investments
Real Estate Investment and Jobs Act of 2011
Introduced: September 22, 2011
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 2011
Read twice and referred to the Committee on Finance.
Sep 22, 2011
Sponsor introductory remarks on measure. (CR S5910)
Sep 22, 2011
Introduced in Senate
Plain-English summary
Real Estate Investment and Jobs 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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1