United States · Bill · HR
H.R. 3749 (118th)
Retail Revitalization Act of 2023
Introduced
30 May 2023
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
24 July 2024
Summary
Retail Revitalization Act of 2023 This bill amends tax rules for real estate investment trusts (REITs). It increases (1) the share of equity investments a distressed retail tenant may receive from a REIT from 10% to 50%, and (2) the equity share for regular tenants from 10% to 30%. The bill also allows taxable REIT subsidiaries to accept equity in a retail tenant's businesses as a form of rent, subject to certain restrictions.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 30 May 2023
Introduced in House (PDF)
Introduced in House · EN · 30 May 2023
Introduced in House
summary · EN · 30 May 2023
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/house-bill/3749
- Open data entity: https://api.congress.gov/v3/bill/118/hr/3749