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To amend the Internal Revenue Code of 1986 to treat Puerto Rico as part of the United States for purposes of determining whether property qualifies for treatment as a like-kind exchange.

USA115th CongressHR-5430| House 
| Updated: 4/5/2018
Jenniffer González-Colón

Jenniffer González-Colón

Republican Representative

Puerto Rico

Cosponsors (2)
Peter T. King (Republican)Darren Soto (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Puerto Rico Real Estate Exchange Fairness Act of 2018 This bill amends the Internal Revenue Code to require Puerto Rico to be treated as part of the United States for the purpose of determining if an exchange of real property qualifies as a like-kind exchange. (Under current law, real property located in the United States and real property located outside of the United States are not property of a like kind.)
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Timeline
Apr 5, 2018
Introduced in House
Apr 5, 2018
Referred to the House Committee on Ways and Means.
  • April 5, 2018
    Introduced in House


  • April 5, 2018
    Referred to the House Committee on Ways and Means.

Taxation

Puerto RicoReal estate businessTax administration and collection, taxpayersU.S. territories and protectorates

To amend the Internal Revenue Code of 1986 to treat Puerto Rico as part of the United States for purposes of determining whether property qualifies for treatment as a like-kind exchange.

USA115th CongressHR-5430| House 
| Updated: 4/5/2018
Puerto Rico Real Estate Exchange Fairness Act of 2018 This bill amends the Internal Revenue Code to require Puerto Rico to be treated as part of the United States for the purpose of determining if an exchange of real property qualifies as a like-kind exchange. (Under current law, real property located in the United States and real property located outside of the United States are not property of a like kind.)
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 5, 2018
Introduced in House
Apr 5, 2018
Referred to the House Committee on Ways and Means.
  • April 5, 2018
    Introduced in House


  • April 5, 2018
    Referred to the House Committee on Ways and Means.
Jenniffer González-Colón

Jenniffer González-Colón

Republican Representative

Puerto Rico

Cosponsors (2)
Peter T. King (Republican)Darren Soto (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Puerto RicoReal estate businessTax administration and collection, taxpayersU.S. territories and protectorates