August 1997 As part of the Taxpayer Relief Act of 1997, President Clinton signs into law the REIT Simplification Act of 1997. Among other items, this allows a REIT to provide a small amount of non-customary services to its tenants without disqualifying the other rents collected from them. Also, changes were made permitting the creation of timber REITs.
Learn more about the REIT Simplification Act.
Timeline Year
1997
Brightcove Video
Caption Text
Watch a video with NAREIT Executive Vice President and General Counsel Tony Edwards discussing the REIT Simplification Act.