HR 5275
118th Congress
House
Taxation
To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.
Introduced: August 25, 2023
Introduced by:
Kelly, Mike
Republican
· Pennsylvania
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 25, 2023
Referred to the House Committee on Ways and Means.
Aug 25, 2023
Introduced in House
Plain-English summary
This bill increases from 20% to 25% the value of the total assets represented by securities of one or more taxable Real Estate Investment Trust (REIT) subsidiaries (thus restoring the REIT subsidiary asset test).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1