HR 5275 · 118th Congress · Taxation

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

Introduced 2023-08-25· Sponsored by Rep. Kelly, Mike [R-PA-16]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2023-08-25)

Plain Language Summary

[AI summary unavailable — showing source text] 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).…

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

Cosponsors (20)

10 Democrats10 Republicans
Rep. Higgins, Brian [D-NY-26]NY
Rep. Tenney, Claudia [R-NY-24]NY
Rep. Panetta, Jimmy [D-CA-19]CA
Rep. Murphy, Gregory F. [R-NC-3]NC
Rep. Miller, Carol D. [R-WV-1]WV
Rep. Moore, Blake D. [R-UT-1]UT
Rep. Moore, Gwen [D-WI-4]WI
Rep. LaHood, Darin [R-IL-16]IL
Rep. Sánchez, Linda T. [D-CA-38]CA
Rep. Davis, Danny K. [D-IL-7]IL
Rep. Larson, John B. [D-CT-1]CT
Rep. Schneider, Bradley Scott [D-IL-10]IL
Rep. Sewell, Terri A. [D-AL-7]AL
Rep. DelBene, Suzan K. [D-WA-1]WA
Rep. Pascrell, Bill, Jr. [D-NJ-9]NJ
Rep. Fitzpatrick, Brian K. [R-PA-1]PA
Rep. Buchanan, Vern [R-FL-16]FL
Rep. Hern, Kevin [R-OK-1]OK
Rep. Van Duyne, Beth [R-TX-24]TX
Rep. Schweikert, David [R-AZ-1]AZ