H.R. 5275 · 118th Congress
To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.
- Stage
- In committee
- Sponsor
- Mike Kelly
- Introduced
- 2023-08-25
- Latest action
- 2023-08-25 · Introduced in House
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).