Bill118th CongressFiled May 30, 2023Taxation
H.R. 3749
Retail Revitalization Act of 2023
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (May 30, 2023)
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.
What just happenedMay 30, 2023
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. LaHood, Darin [R-IL-16](R-IL)Sponsor
10 cosponsors6 D4 R
10cosponsors1committees3actions
- Introduced in HouseMay 30, 2023
- May 30, 2023IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 30, 2023IntroReferralIntro-H
Introduced in House
- May 30, 2023IntroReferral1000
Introduced in House