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United States · Bill · HR

H.R. 1147 (110th)

REIT Investment Diversification and Empowerment Act of 2007

referredUnited States· United States Congress· EN

Introduced

16 February 2007

Last action

16 February 2007 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Crowley, Joseph [D-NY-14], Rep. Cantor, Eric [R-VA-7], Rep. Pomeroy, Earl [D-ND-At Large], Rep. Reynolds, Thomas M. [R-NY-26], Rep. Stark, Fortney Pete [D-CA-13], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Davis, Artur [D-AL-7], Rep. Porter, Jon C. [R-NV-3], Rep. English, Phil [R-PA-3], Rep. Lewis, Ron [R-KY-2], Rep. Hinojosa, Ruben [D-TX-15], Rep. Tanner, John S. [D-TN-8], Rep. Ramstad, Jim [R-MN-3], Rep. Larson, John B. [D-CT-1], Rep. Neal, Richard E. [D-MA-1], Rep. Camp, Dave [R-MI-4], Rep. Schwartz, Allyson Y. [D-PA-13], Rep. Johnson, Sam [R-TX-3], Rep. Hulshof, Kenny C. [R-MO-9], Rep. Weller, Jerry [R-IL-11], Rep. Blumenauer, Earl [D-OR-3], Rep. Herger, Wally [R-CA-2], Rep. McDermott, Jim [D-WA-7], Rep. Berkley, Shelley [D-NV-1], Rep. Tiberi, Patrick J. [R-OH-12], Rep. Jones, Stephanie Tubbs [D-OH-11], Rep. Meek, Kendrick B. [D-FL-17], Rep. Nunes, Devin [R-CA-22], Rep. Lewis, John [D-GA-5], Rep. Brady, Kevin [R-TX-8], Rep. Ryan, Paul [R-WI-1], Rep. Levin, Sander M. [D-MI-12], Sen. Van Hollen, Chris [D-MD], Rep. Doggett, Lloyd [D-TX-37], Rep. Carson, André [D-IN-7]

Subjects

Healthcare, Taxation

Source updated

5 December 2025

Healthcare · Taxation

Official sourceDownload fileView documentsShare

Summary

REIT Investment Diversification and Empowerment Act of 2007 - Amends Internal Revenue Code provisions relating to real estate investment trusts (REITs) to: (1) treat passive foreign exchange gains attributable to overseas real estate investment as qualifying REIT income; (2) increase from 20 to 25% the the maximum value of a REIT's total assets thay may be represented by securities of one or more taxable REIT subsidiaries; (3) revise safe harbor rules for the excise tax penalty on certain REIT sales activities; (4) treat rental payments made by a health care facility to a REIT as qualifying REIT income; and (5) treat income from, and interests in, foreign-qualified REITs as qualifying REIT income and assets.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 16 February 2007

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 16 February 2007

    Introduced

    Sponsor introductory remarks on measure. (CR E384-385)

    Source: IntroReferral

  3. 16 February 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 16 February 2007

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 16 February 2007

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  • Introduced in House (PDF)

    Introduced in House · EN · 16 February 2007

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  • Introduced in House

    summary · EN · 16 February 2007

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Sponsors

Related records

Sources

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