Referred to the House Committee on Ways and Means.
This bill amends section 856(c)(4)(B)(ii) of the Internal Revenue Code by replacing "20 percent" with "25 percent." The change restores a previous asset-test threshold for taxable REIT subsidiaries. The amendment applies to taxable years beginning after December 31, 2025.
Liberals emphasize revenue loss and tax fairness concerns
Relative to its intended legislative type, this bill is a narrowly tailored substantive policy change that precisely amends one provision of the Internal Revenue Code by changing a percent threshold and sets a clear effective date.
This bill amends section 856(c)(4)(B)(ii) of the Internal Revenue Code by replacing "20 percent" with "25 percent." The change restores a previous asset-test threshold for taxable REIT subsidiaries.
The amendment applies to taxable years beginning after December 31, 2025.
Technically modest and noncontroversial but creates revenue effects; likelier if folded into a larger tax or budget package than as standalone.
Relative to its intended legislative type, this bill is a narrowly tailored substantive policy change that precisely amends one provision of the Internal Revenue Code by changing a percent threshold and sets a clear effective date.
Liberals emphasize revenue loss and tax fairness concerns
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals emphasize revenue loss and tax fairness concerns
Likely skeptical because the change benefits REIT structures and may reduce federal receipts.
Views it as a corporate tax rule tweak that favors real estate interests.
Would treat revenue and distributional impacts as primary concerns.
Mixed; sees this as a narrow, technical tax-code correction but wants evidence of net fiscal impact.
Supports restoring a prior threshold if accompanied by transparency and limited budget effect.
Looks for bipartisan, data-driven justification.
Generally supportive; views the bill as pro-business, reducing burdens on REITs.
Sees restoring a 25 percent test as sensible deregulation that enhances market flexibility.
Opposed to offsets that would add taxes or constraints.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technically modest and noncontroversial but creates revenue effects; likelier if folded into a larger tax or budget package than as standalone.
The bill has not accumulated any surfaced votes yet.
Liberals emphasize revenue loss and tax fairness concerns
Technically modest and noncontroversial but creates revenue effects; likelier if folded into a larger tax or budget package than as standal…
Relative to its intended legislative type, this bill is a narrowly tailored substantive policy change that precisely amends one provision of the Internal Revenue Code by changing a percent threshold and sets a clear eff…
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