To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R KellySponsor

33 cosponsors · 12 D, 21 R

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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).

What it does: CRS summary · Introduced in House · Aug 25, 2023

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.

Latest action (Aug 25, 2023): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Aug 25, 2023

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.