H.R. 3749 · 118th Congress
Retail Revitalization Act of 2023
- Stage
- In committee
- Sponsor
- Darin LaHood
- Introduced
- 2023-05-30
- Latest action
- 2023-05-30 · Introduced in House
Summary
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.