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To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.
H.R. 2198119th Congress

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

Introduced in the HouseRep. Mike Kelly (R-PA-16)2 sections · 1 min read
Version: Introduced in House · Mar 18, 2025

(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.

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