Real Estate Investment and Jobs Act of 2014

Summary

Real Estate Investment and Jobs Act of 2014 - Amends the Internal Revenue Code to: (1) increase from 5% to 10% the allowable ownership interest in real estate investment trust (REIT) stock for purposes of tax exemptions allowed by the Foreign Investment in Real Property Tax Act (FIRPTA) relating to foreign investment in U.S. real property interests; (2) require a U.S. real property holding corporation to make its status readily accessible and publicly available; (3) require brokers who sell an interest in a U.S. real property holding corporation to deduct and withhold 10% on the amount realized from the sale, with specified exceptions; (4) include regulated investment companies (RICs) and real estate investment companies (REITs) in the definition of U.S. real property interests; and (5) deny dividends derived from RICs and REITs a tax deduction for the U.S. source portion of dividends from certain foreign corporations.

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Timeline

1. 16 September 2014

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 16 September 2014

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 September 2014

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 September 2014 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 September 2014

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 September 2014

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 September 2014

  Open at official source

Sponsors

• KEVIN BRADY · R · Sponsor
• JOSEPH CROWLEY · D · Sponsor
• · hswm00 · Standing

Related records

• related to → Real Estate Investment and Jobs Act of 2013
• related to ← Real Estate Investment and Jobs Act of 2013