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 Cosponsors

2 (1 Democrat, 1 Republican)

Bill Version

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

There is one statement associated with H.R.5430.

Bill Actions

Date Description
April 5, 2018
Referred to the House Committee on Ways and Means.
April 5, 2018
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