H.R. 1742 · 117th Congress
Real Estate Exchange Fairness Act of 2021
- Stage
- In committee
- Sponsor
- Jenniffer González-Colón
- Introduced
- 2021-03-10
- Latest action
- 2021-03-10 · Introduced in House
Summary
Real Estate Exchange Fairness Act of 2021
This bill requires Puerto Rico to be treated as part of the United States for the purpose of determining if an exchange of real property qualifies as a like-kind exchange for tax purposes. (Under current law, real property located in the United States and real property located outside of the United States are not property of a like kind.)