Federal Tax Legislation Archive

U.S. REIT Act

As enacted on Dec. 18. 2015, The PATH Act modernized the REIT rules to make REIT-based real estate investment more efficient and flexible, consistent with the proposals packaged first by in 2012 in the Update and Streamline REIT Act (U.S. REIT Act). These provisions improve safe harbors from the dealer sales rules; repeal the preferential dividend rules for both listed and public non-listed REITs and provide the IRS with the authority to provide relief to private REITs from these antiquated rules; enhance the ability of taxable REIT subsidiaries (TRSs) to provide certain services; eliminate potential double taxation of earnings and profits; enhance the ability of REITs to hold certain debt assets of listed and public non-listed REITs; enhance the ability of REITs to hold certain ancillary personal property; and improve certain REIT hedging abilities. 

 

International Tax Proposals

 

Leashold Improvement Act of 2007

 

REIT Investment Diversification and Empowerment Act of 2007

 

REIT Improvement Act of 2003

 

Jobs & Growth Package of 2003

 

REIT Modernization Act (RMA) of 1999

Original RMA Senate Bill: S. 1057

Original RMA House Bill: H.R. 1616

The REIT Modernization Act (RMA) was originally included in a bill passed by Congress, but vetoed by President Clinton in September 1999. The below links provide details on the predecessor RMA bill.

Conference Report on the Taxpayer Refund and Relief Act of 1999 (H.R. 2488)

Senate Bill (Taxpayer Refund Act of 1999: S.1429)

House Bill (Financial Freedom Act of 1999: H.R. 2488)

 

IRS Restructuring Bill

 

Liquidating REIT Legislation

 

Real Estate Investment Trust Simplification Act of 1997 ("REITSA")

 

Provisions in FY '01 Budget

 

REIT Provisions in the Administration's Proposed Fiscal Year 2000 Budget

 

REIT Provisions in the Administration's Proposed Fiscal Year 1999 Budget

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