S. 1334

Summary

S. 1334, a bill to amend the Internal Revenue Code of 1986 to increase the percentage limitation on assets of real estate investment trusts which may be held in taxable REIT subsidiaries, was introduced in the Senate on Apr 8, 2025 by Sen. Thom Tillis (R) with 1 co-sponsor. It was referred to Finance, and last saw action on Apr 8, 2025: Read twice and referred to the Committee on Finance.

Record

Text

S. 1334 has 1 co-sponsor.

119 S1334 IS: To amend the Internal Revenue Code of 1986 to increase the percentage limitation on assets of real estate investment trusts which may be held in taxable REIT subsidiaries.
 U.S. Senate
 2025-04-08
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 II  119th CONGRESS  1st Session  S. 1334  IN THE SENATE OF THE UNITED STATES   April 8, 2025   Mr. Tillis  (for himself and  Mr. Warnock ) introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to increase the percentage limitation on assets of real estate investment trusts which may be held in taxable REIT subsidiaries.
1.
Increase in percentage limitation on assets of REIT which may be taxable REIT subsidiaries
(a)
In general
 Section 856(c)(4)(B)(ii)  of the Internal Revenue Code of 1986 is amended by striking  20 percent  and inserting  25 percent .
(b)
Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2025.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

A bill to amend the Internal Revenue Code of 1986 to increase the percentage limitation on assets of real estate investment trusts which may be held in taxable REIT subsidiaries.

Sponsors

Sen. Thom Tillis (R) sponsors S. 1334, and 1 member has co-sponsored it from the day it was introduced.

Thom Tillis

Sen. · R–NC · Sponsor

Introduced Apr 8, 2025

Raphael Warnock

Sen. · D–GA · Co-sponsor

Joined Apr 8, 2025 · Original

Show 2 of 2 rows

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Committees

S. 1334 went before 1 committee: Finance.

Finance

Finance

Referred To · Apr 8, 2025 · 902 Bills

Actions

S. 1334 has taken 2 actions since Apr 8, 2025.

Votes

S. 1334 has not gone to a roll call.

Titles

S. 1334 goes by 2 titles.

• A bill to amend the Internal Revenue Code of 1986 to increase the percentage limitation on assets of real estate investment trusts which may be held in taxable REIT subsidiaries. — Official Title as Introduced
• A bill to amend the Internal Revenue Code of 1986 to increase the percentage limitation on assets of real estate investment trusts which may be held in taxable REIT subsidiaries. — Display Title

Lobbying

3 clients hired 4 firms and 15 registered lobbyists who named S. 1334 in 11 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Defense, Science/Technology, Financial Institutions/Investments/Securities, Energy/Nuclear, Insurance, Banking, Housing.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files S. 1334 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 1334’s is Taxation.

Source: congress.gov · legiscan.com