Bill · S. 1334· Senate(119-S-1334)
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.
- Introduced
- 4/8/2025
- Last activity
- 4/8/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Thomas Tillis
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill aims to amend the Internal Revenue Code of 1986. It specifically targets the percentage limitation on assets held in taxable REIT subsidiaries. The proposal seeks to increase this limit from 20 percent to 25 percent. This change would apply to taxable years beginning after December 31, 2025.
Yes· 3 of 7
Would business owners be better off under this?+2
The change provides greater operational flexibility for real estate investment trust owners.
Would people with substantial wealth be better off under this?+2
REIT investments are often favored by high net worth individuals for diversification and income.
Is this likely to grow the economy?+2
Increasing asset limits for REITs can provide more flexibility and growth opportunities within the real estate investment sector.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Increased Asset Allowance for REITs: The bill increases the percentage limitation on assets that real estate investment trusts may hold in taxable REIT subsidiaries from 20 percent to s 25 percent (Section 1(a)). This allows these entities to hold a larger percentage of assets in those specific subsidiaries.
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned in the text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+2Good For High Net Worth Individuals+2Good For Billionaires+1Good For High Income Households+1Good For Ultra High Net Worth Individuals+1
- Economy And Finance
- Improves Economic Growth+2
- Social Issues And Justice
- Improves Affordable Housing+1
- 4/8/2025
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
Raphael WarnockDemocrat · Georgia