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- H.R.5430
H.R.5430: Puerto Rico Real Estate Exchange Fairness Act of 2018
About This Bill
- Introduced April 5, 2018
- Latest Major Action April 5, 2018
Bill Sponsor
Bill Version
- Introduced in House - April 5, 2018
Bill Summary
Puerto Rico Real Estate Exchange Fairness Act of 2018 This bill amends the Internal Revenue Code to require Puerto Rico to be treated as part of the United States for the purpose of determining if an exchange of real property qualifies as a like-kind exchange. (Under current law, real property located in the United States and real property located outside of the United States are not property of a like kind.)
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 5, 2018 |
Referred to the House Committee on Ways and Means.
|
| April 5, 2018 |
Introduced in the House by Jenniffer González-Colón (R-Puerto Rico) |