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

H.R. 2198 · 119th Congress · Mar 18, 2025 · Lineage

A BILL

(a)

In general— Section 856(c)(4)(B)(ii) of the Internal Revenue Code of 1986 is amended by striking “20 percent” and inserting “25 percent”.

(b)

Effective date— The amendment made by this section shall apply to taxable years beginning after December 31, 2025.

Lineage

Mar 18, 2025viewing Introduced in House Mr. Kelly of Pennsylvania (for himself, Mr. Schneider, Mr. Feenstra, Mr. Panetta, Mr. LaHood, Ms. Moore of Wisconsin, Mr. Moore of Utah, Mr. Davis of Illinois, Ms. Tenney, Ms. DelBene, Mr. Fitzpatrick, Mr. Suozzi, Mr. Buchanan, Mr. Murphy, Mr. Smith of Nebraska, and Mr. Estes) introduced the following bill; which was referred to the Committee on Ways and Means