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

USA118th CongressHR-5275| House 
| Updated: 8/25/2023
Mike Kelly

Mike Kelly

Republican Representative

Pennsylvania

Cosponsors (33)
David Schweikert (Republican)Stacey E. Plaskett (Democratic)Adrian Smith (Republican)David Kustoff (Republican)Brian Higgins (Democratic)Gregory F. Murphy (Republican)Darin LaHood (Republican)Mike Carey (Republican)Claudia Tenney (Republican)Brad R. Wenstrup (Republican)Beth Van Duyne (Republican)Terri A. Sewell (Democratic)Jimmy Panetta (Democratic)Suzan K. DelBene (Democratic)Thomas R. Suozzi (Democratic)Danny K. Davis (Democratic)A. Drew Ferguson (Republican)John B. Larson (Democratic)Carol D. Miller (Republican)Ron Estes (Republican)W. Gregory Steube (Republican)Blake D. Moore (Republican)Michelle Steel (Republican)Brian K. Fitzpatrick (Republican)Randy Feenstra (Republican)Kevin Hern (Republican)Linda T. Sánchez (Democratic)Gwen Moore (Democratic)Bradley Scott Schneider (Democratic)Michelle Fischbach (Republican)Bill Pascrell (Democratic)Nicole Malliotakis (Republican)Vern Buchanan (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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).
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Timeline
Aug 25, 2023
Introduced in House
Aug 25, 2023
Referred to the House Committee on Ways and Means.
  • August 25, 2023
    Introduced in House


  • August 25, 2023
    Referred to the House Committee on Ways and Means.

Taxation

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

USA118th CongressHR-5275| House 
| Updated: 8/25/2023
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).
View Full Text

Suggested Questions

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

Timeline
Aug 25, 2023
Introduced in House
Aug 25, 2023
Referred to the House Committee on Ways and Means.
  • August 25, 2023
    Introduced in House


  • August 25, 2023
    Referred to the House Committee on Ways and Means.
Mike Kelly

Mike Kelly

Republican Representative

Pennsylvania

Cosponsors (33)
David Schweikert (Republican)Stacey E. Plaskett (Democratic)Adrian Smith (Republican)David Kustoff (Republican)Brian Higgins (Democratic)Gregory F. Murphy (Republican)Darin LaHood (Republican)Mike Carey (Republican)Claudia Tenney (Republican)Brad R. Wenstrup (Republican)Beth Van Duyne (Republican)Terri A. Sewell (Democratic)Jimmy Panetta (Democratic)Suzan K. DelBene (Democratic)Thomas R. Suozzi (Democratic)Danny K. Davis (Democratic)A. Drew Ferguson (Republican)John B. Larson (Democratic)Carol D. Miller (Republican)Ron Estes (Republican)W. Gregory Steube (Republican)Blake D. Moore (Republican)Michelle Steel (Republican)Brian K. Fitzpatrick (Republican)Randy Feenstra (Republican)Kevin Hern (Republican)Linda T. Sánchez (Democratic)Gwen Moore (Democratic)Bradley Scott Schneider (Democratic)Michelle Fischbach (Republican)Bill Pascrell (Democratic)Nicole Malliotakis (Republican)Vern Buchanan (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted