HR 5430 · 115th Congress · Taxation
Puerto Rico Real Estate Exchange Fairness Act of 2018
Introduced 2018-04-05· Sponsored by Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]· House
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2018-04-05)
Plain Language Summary
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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.)…
Summarized by Claude AI · Non-partisan · For informational purposes only