To amend the Internal Revenue Code of 1986 to treat rents received by a real estate investment trust from a parking facility leased to a taxable REIT subsidiary in the same manner as rents from lodging and health care facilities leased to such a subsidiary.

REIT Parity Act This bill amends the Internal Revenue Code, with respect to the taxation of rent received by a real estate investment trust (REIT) from real property leased to a taxable REIT subsidiary, to apply the current rules for lodging facilities and health care property to parking facilities.