[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 
percent''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2025.
                                 <all>