HR 5430
115th Congress
House
Taxation
Puerto Rico
Real estate business
Tax administration and collection, taxpayers
U.S. territories and protectorates
Puerto Rico Real Estate Exchange Fairness Act of 2018
Introduced: April 5, 2018
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 5, 2018
Referred to the House Committee on Ways and Means.
Apr 5, 2018
Introduced in House
Plain-English summary
Puerto Rico Real Estate Exchange Fairness Act of 2018
This bill amends the Internal Revenue Code to require Puerto Rico to be treated as part of the United States for the purpose of determining if an exchange of real property qualifies as a like-kind exchange. (Under current law, real property located in the United States and real property located outside of the United States are not property of a like kind.)
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1