HR 2198 · 119th CongressIn Committeecongress.gov ↗

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

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What this bill does

AI plain-language summary

This bill would change tax rules for Real Estate Investment Trusts (REITs) by bringing back a test that limits what assets their taxable subsidiaries can own. No official summary is available for this bill.

Sponsor

Rep. Kelly, Mike [R-PA-16]

R

Introduced

March 18, 2025

Policy Area

Taxation

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