United States · Bill · S
S. 4030 (109th)
REIT Investment Diversification and Empowerment Act of 2006
Introduced
29 September 2006
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10734-10735)
Sponsors
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Subjects
Discovery layer
Source updated
15 August 2025
Summary
REIT Investment Diversification and Empowerment Act of 2006 - 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.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 29 September 2006
Introduced in Senate (PDF)
Introduced in Senate · EN · 29 September 2006
Introduced in Senate
summary · EN · 29 September 2006
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/109th-congress/senate-bill/4030
- Open data entity: https://api.congress.gov/v3/bill/109/s/4030