To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 21
- Latest action
- Mar 18, 2025
What it does
The bill would amend the Internal Revenue Code to increase the allowable percentage of assets that a taxable REIT subsidiary may hold from 20 percent to 25 percent, effectively restoring a prior threshold. This change applies to real estate investment trusts (REITs) and their taxable subsidiaries, affecting how REITs can structure their investments and operations. The amendment would take effect for taxable years beginning after December 31, 2025.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.