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Equal Tax Rules for REITs: Easing Real Estate Investments.

This act establishes equal tax treatment for publicly offered, non-traded Real Estate Investment Trusts (REITs) and exchange-traded REITs. This means foreign investors in these funds will be treated similarly, potentially encouraging more investment in U.S. real estate, which could impact the property market and capital availability.
Key points
Amends tax rules for foreign investment in real property (FIRPTA).
Publicly offered, non-traded REITs will receive the same treatment as exchange-traded REITs.
May increase the attractiveness of U.S. real estate investments for foreign investors.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_3123
Sponsor: Rep. Suozzi, Thomas R. [D-NY-3]
Process start date: 2021-05-11
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Parity for Non-Traded REITs Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3123.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-11.

What are the main provisions?

Key points include:

  • Amends tax rules for foreign investment in real property (FIRPTA).
  • Publicly offered, non-traded REITs will receive the same treatment as exchange-traded REITs.
  • May increase the attractiveness of U.S. real estate investments for foreign investors.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Suozzi, Thomas R. [D-NY-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Real Estate Economy