H.R. 8805 · 116th Congress
Retail Revitalization Act of 2020
- Stage
- In committee
- Sponsor
- Brad Schneider
- Introduced
- 2020-11-20
- Latest action
- 2020-11-20 · Introduced in House
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.