HR 462 · 118th Congress · Taxation

Real Estate Exchange Fairness Act of 2023

Introduced 2023-01-24· Sponsored by Rescom. González-Colón, Jenniffer [R-PR-At Large]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2023-01-24)

Plain Language Summary

[AI summary unavailable — showing source text] Real Estate Exchange Fairness Act of 2023 This bill requires 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 for tax purposes. (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