119-HR2198
To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.
Last action was on 3-18-2025
SenateCurrent status is Referred to the House Committee on Ways and Means.
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119th CONGRESS
1st Session
H. R. 2198
1. Restoration of taxable REIT subsidiary asset test1. 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 percent" and inserting "25 percent".
(b) Effective date - The amendment made by this section shall apply to taxable years beginning after December 31, 2025.