What This Bill Does · Plain English
GovGreed Synthesis · AI extraction
This bill amends the Internal Revenue Code to increase the maximum percentage of a Real Estate Investment Trust's (REIT) assets that can be held in a taxable REIT subsidiary (TRS) from 20% to 25%. This allows REITs to hold more assets in subsidiaries that are subject to corporate income tax but can engage in a broader range of non-qualifying business activities.
Action Timeline
2025-04-08
Read twice and referred to the Committee on Finance.
2025-04-08
Introduced in Senate
Frequently Asked Questions
Did S.1334 pass?
S.1334 is still alive. Current stage: COMMITTEE. Pass likelihood: 38%.
What does S.1334 do?
This bill amends the Internal Revenue Code to increase the maximum percentage of a Real Estate Investment Trust's (REIT) assets that can be held in a taxable REIT subsidiary (TRS) from 20% to 25%. This allows REITs to hold more assets in subsidiaries that are subject to corporate income tax but can engage in a broader range of non-qualifying business activities.
Who sponsored S.1334?
S.1334 was sponsored by Thomas Tillis (R-North Carolina).
Full Bill Text
119 S1334 IS: 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. U.S. Senate 2025-04-08 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II 119th CONGRESS 1st Session S. 1334 IN THE SENATE OF THE UNITED STATES April 8, 2025 Mr. Tillis (for himself and Mr. Warnock ) introduced the following bill; which was read twice and referred to the Committee on Finance 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. 1. Increase in percentage limitation on assets of REIT which may be taxable REIT subsidiaries (a) In general Section 856(c)(4)(B)(ii) of the Internal Revenue Code of 1986 is amended by striking 20 percent and inserting 25 percent . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2025.
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