Summary: H.R.4255 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.4255. Bill summaries are authored by CRS.

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Introduced in House (11/06/2017)

Ending Tax Breaks for Private Prisons Act

This bill amends the Internal Revenue Code to exclude from the definition of "taxable REIT (Real Estate Investment Trust) subsidiary" any corporation which directly or indirectly: (1) operates or manages a prison facility or provides services at or in connection with a prison facility; or (2) provides to any other person (under a franchise, license, or otherwise) rights to any brand name under which any prison facility is operated, subject to specified exceptions.