HR 8805
116th Congress
House
Taxation
Financial services and investments
Real estate business
Securities
Retail Revitalization Act of 2020
Introduced: November 20, 2020
Introduced by:
Schneider, Bradley Scott
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 20, 2020
Referred to the House Committee on Ways and Means.
Nov 20, 2020
Introduced in House
Plain-English summary
Retail Revitalization Act of 2020
This bill modifies rules related to rents received by real estate investment trusts (REITs) from related parties. It increases the permissible stock ownership and constructive stock ownership percentage in a REIT to 50% and modifies rules for taxable REIT subsidiaries.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1