HR 8805 · 116th Congress · Taxation

Retail Revitalization Act of 2020

Introduced 2020-11-20· Sponsored by Rep. Schneider, Bradley Scott [D-IL-10]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2020-11-20)

Plain Language Summary

[AI summary unavailable — showing source text] Retail Revitalization Act of 2020 This bill modifies rules related to rents received by real estate investment trusts (REITs) from related parties. It increases the permissible stock ownership and constructive stock ownership percentage in a REIT to 50% and modifies rules for taxable REIT subsidiaries.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (8)

4 Democrats4 Republicans
Rep. LaHood, Darin [R-IL-18]IL
Rep. Sewell, Terri A. [D-AL-7]AL
Rep. Suozzi, Thomas R. [D-NY-3]NY
Rep. Buchanan, Vern [R-FL-16]FL
Rep. Sánchez, Linda T. [D-CA-38]CA
Rep. Holding, George [R-NC-2]NC
Rep. Walorski, Jackie [R-IN-2]IN
Rep. Beyer, Donald S., Jr. [D-VA-8]VA