S 3247
114th Congress
Senate
Taxation
Corporate finance and management
Correctional facilities and imprisonment
Financial services and investments
Income tax rates
Real estate business
Ending Tax Breaks for Private Prisons Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 14, 2016
Read twice and referred to the Committee on Finance.
Jul 14, 2016
Introduced in Senate
Plain-English summary
Ending Tax Breaks for Private Prisons Act
This bill amends the Internal Revenue Code to exclude from the definition of "taxable REIT (Real Estate Investment Trust) subsidiary" any corporation which directly or indirectly: (1) operates or manages a prison facility or provides services at or in connection with a prison facility; or (2) provides to any other person (under a franchise, license, or otherwise) rights to any brand name under which any prison facility is operated, subject to specified exceptions.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1