To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.
Sponsored By: Representative Kelly (PA)
Introduced
Summary
Raises the cap on assets a REIT can hold in a Taxable REIT Subsidiary (TRS) from 20% to 25%. H.R. 2198 would amend the Internal Revenue Code to restore that 25% TRS asset test, allowing Real Estate Investment Trusts, their affiliates, and investors more flexibility in structuring and managing REIT assets for taxable years beginning after December 31, 2025.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Higher asset cap for real estate trusts
This bill would let real estate investment trusts hold more assets in a taxable subsidiary. The cap would rise to 25% of total assets, up from 20%. It would apply to tax years that begin after December 31, 2025. REITs and their investors would have more flexibility in how they structure holdings and plan taxes.
Sponsors & CoSponsors
Sponsor
Kelly (PA)
PA • R
Cosponsors
Schneider
IL • D
Sponsored 3/18/2025
Feenstra
IA • R
Sponsored 3/18/2025
Panetta
CA • D
Sponsored 3/18/2025
LaHood
IL • R
Sponsored 3/18/2025
Moore (WI)
WI • D
Sponsored 3/18/2025
Moore (UT)
UT • R
Sponsored 3/18/2025
Davis (IL)
IL • D
Sponsored 3/18/2025
Tenney
NY • R
Sponsored 3/18/2025
DelBene
WA • D
Sponsored 3/18/2025
Fitzpatrick
PA • R
Sponsored 3/18/2025
Suozzi
NY • D
Sponsored 3/18/2025
Buchanan
FL • R
Sponsored 3/18/2025
Murphy
NC • R
Sponsored 3/18/2025
Smith (NE)
NE • R
Sponsored 3/18/2025
Estes
KS • R
Sponsored 3/18/2025
Hern (OK)
OK • R
Sponsored 3/31/2025
Moran
TX • R
Sponsored 3/31/2025
Kustoff
TN • R
Sponsored 3/31/2025
Carey
OH • R
Sponsored 4/8/2025
Malliotakis
NY • R
Sponsored 10/3/2025
Roll Call Votes
No roll call votes available for this bill.
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