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US SB1334

Bill

Official Source

Status

Introduced

4/8/2025

Primary Sponsor

Thom Tillis

Click for details

Origin

Senate

119th Congress

AI Summary

  • Increases the asset limitation for taxable REIT subsidiaries from 20 percent to 25 percent of total REIT assets under Internal Revenue Code Section 856(c)(4)(B)(ii)
  • Allows real estate investment trusts greater flexibility to hold assets in their taxable subsidiaries, which can engage in activities not permitted for the REIT itself
  • Effective for taxable years beginning after December 31, 2025
  • Bipartisan Senate bill introduced by Senators Tillis (R-NC) and Warnock (D-GA) on April 8, 2025
  • Referred to the Senate Committee on Finance

Legislative Description

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.

Taxation

Last Action

Read twice and referred to the Committee on Finance.

4/8/2025

Committee Referrals

Finance4/8/2025

Full Bill Text

No bill text available