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Changes to Rental Rules for Real Estate Investment Trusts

This act modifies the rules regarding how much ownership real estate investment trusts (REITs) can have in companies they rent to. It increases flexibility for these trusts, which could impact the commercial real estate market, potentially leading to more investments in shopping centers and other retail properties. For citizens, this indirectly means potential development of local retail and service points.
Key points
Increases the ownership limit for REITs in tenant companies from 10% to over 50%.
Simplifies rules concerning ownership links between REITs and their tenants.
Changes apply to tax years ending after the act's enactment date.
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Expired
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Additional Information
Print number: 117_HR_840
Sponsor: Rep. Schneider, Bradley Scott [D-IL-10]
Process start date: 2021-02-04
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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

Retail Revitalization Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_840.

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 2021-02-04.

What are the main provisions?

Key points include:

  • Increases the ownership limit for REITs in tenant companies from 10% to over 50%.
  • Simplifies rules concerning ownership links between REITs and their tenants.
  • Changes apply to tax years ending after the act's enactment date.
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. Schneider, Bradley Scott [D-IL-10].

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 2025-12-28.

CATEGORIES

Taxes Real Estate Economy