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H.R. 3749 118th Congress House

Retail Revitalization Act of 2023

Official title: To amend the Internal Revenue Code of 1986 to modify the treatment of certain rents received by real estate investment trusts from related parties.

Introduced: May 30, 2023 Introduced by: Darin LaHood Republican · Illinois See on congress.gov
Taxation
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 30, 2023
Referred to the House Committee on Ways and Means.
May 30, 2023
Introduced in House
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 Latest action May 30, 2023

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Retail Revitalization Act of 2023

This bill amends tax rules for real estate investment trusts (REITs). It increases (1) the share of equity investments a distressed retail tenant may receive from a REIT from 10% to 50%, and (2) the equity share for regular tenants from 10% to 30%.

The bill also allows taxable REIT subsidiaries to accept equity in a retail tenant's businesses as a form of rent, subject to certain restrictions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 17

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 17 filings →
 Cosponsors 10
All 10 Democratic 5 Republican 3
Wenstrup, Brad
· Jan 22, 2024
 R
Malliotakis, Nicole
New York · Dec 6, 2023
Pascrell, Bill
· Nov 6, 2023
 R
Miller, Carol D.
West Virginia · Aug 1, 2023
 R
Tenney, Claudia
New York · Aug 1, 2023
 D
DelBene, Suzan K.
Washington · Jun 1, 2023
 D
Evans, Dwight
Pennsylvania · May 31, 2023
 D
Panetta, Jimmy
California · May 31, 2023
 D
Sánchez, Linda T.
California · May 31, 2023
 D
Schneider, Bradley Scott
Illinois · May 30, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3749: Retail Revitalization Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3749/
MLA
"H.R. 3749: Retail Revitalization Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3749/.
Bluebook (legal)
H.R. 3749, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3749/.
Markdown link
[H.R. 3749: Retail Revitalization Act of 2023](https://openamerica.io/bill/118-HR-3749/)
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