HR 2128
114th Congress
House
Taxation
Employee benefits and pensions
Financial services and investments
Real estate business
Securities
Taxation of foreign income
U.S. and foreign investments
Real Estate Investment and Jobs Act of 2015
Introduced: April 30, 2015
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 30, 2015
Referred to the House Committee on Ways and Means.
Apr 30, 2015
Introduced in House
Plain-English summary
Real Estate Investment and Jobs Act of 2015
This bill amends the Internal Revenue Code to increase from 5% to 10% the stock ownership threshold in a real estate investment trust for purposes of exempting proceeds from dispositions of such stock from withholding requirements under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). Exempts from FIRPTA withholding requirements U.S. real property interests held by: (1) a qualified foreign pension fund created or organized outside the United States, or (2) any entity all of the interests of which are held by a qualified foreign pension fund.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1