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.

Bill: 119-s-1334
Sponsor: full_name: Sen. Tillis, Thomas [R-NC]
Introduced: 2025-04-08
Policy area: Taxation
Latest action: action_date: 2025-04-08
text: Read twice and referred to the Committee on Finance.

Summaries:

tv_txt: II 119th CONGRESS 1st Session S. 1334 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.

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 percent . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2025.