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

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2198 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2198 To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 18, 2025 Mr. Kelly of Pennsylvania (for himself, Mr. Schneider, Mr. Feenstra, Mr. Panetta, Mr. LaHood, Ms. Moore of Wisconsin, Mr. Moore of Utah, Mr. Davis of Illinois, Ms. Tenney, Ms. DelBene, Mr. Fitzpatrick, Mr. Suozzi, Mr. Buchanan, Mr. Murphy, Mr. Smith of Nebraska, and Mr. Estes) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. RESTORATION OF TAXABLE REIT SUBSIDIARY ASSET TEST. (a) In General.--Section 856(c)(4)(B)(ii) of the Internal Revenue Code of 1986 is amended by striking ``20 p…