A bill to amend the Internal Revenue Code of 1986 to increase the percentage limitation on assets of real estate investment trusts which may be held in taxable REIT subsidiaries.

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1334 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1334 To amend the Internal Revenue Code of 1986 to increase the percentage limitation on assets of real estate investment trusts which may be held in taxable REIT subsidiaries. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 8, 2025 Mr. Tillis (for himself and Mr. Warnock) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to increase the percentage limitation on assets of real estate investment trusts which may be held in taxable REIT subsidiaries. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. INCREASE IN PERCENTAGE LIMITATION ON ASSETS OF REIT WHICH MAY BE TAXABLE REIT SUBSIDIARIES. (a) In General.--Section 856(c)(4)(B)(ii) of the Internal Revenue Code of 1986 is amended by striking ``20 percent'' and inserting ``25 percen…