H.R. 2198

119th CONGRESS 1st Session

To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.

IN THE HOUSE OF REPRESENTATIVES · March 18, 2025 · Sponsor: Mr. Kelly of Pennsylvania · Committee: Committee on Ways and Means

Table of contents

• H.R. 2198
  • SEC. 1. Restoration of taxable REIT subsidiary asset test

SEC. 1. Restoration of taxable REIT subsidiary asset test

• (a) In general
  • of the Internal Revenue Code of 1986 is amended by striking 20 percentand inserting 25 percent. Section 856(c)(4)(B)(ii)
• (b) Effective date
  • The amendment made by this section shall apply to taxable years beginning after December 31, 2025.