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- H.R.1147
H.R.1147: REIT Investment Diversification and Empowerment Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Feb. 16, 2007
- Latest Major Action Feb. 16, 2007
Bill Sponsor
Bill Cosponsors
34 (20 Democrats, 15 Republicans)
Bill Summary
REIT Investment Diversification and Empowerment Act of 2007 - 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...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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Feb. 16, 2007 |
Introduced in the House by Joseph Crowley (D-N.Y.) |