On Dec. 6, House Ways and Means Committee Chairman Kevin Brady (R-TX) and incoming Ranking Member Richard Neal (D-MA) introduced H.R. 6439, the Tax Technical Corrections Act of 2016. Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) introduced a companion bill, S. 3506.
Separately, the Joint Committee on Taxation issued a technical explanation of the bill.
H.R. 6439 revises and updates the provisions in H.R. 4891, the Technical Corrections Act of 2016, which was introduced in April, and it includes a number of technical corrections supported by NAREIT with respect to provisions in the Protecting Americans from Tax Hikes Act of 2015 (PATH Act).
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