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Retail Revitalization Act of 2023

H.R. 3749 Rep. Darin LaHood (R-IL-16) In committee
Bill text PDF
  1. Introduced May 30
  2. Committee May 30
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, May 30, 2023Next: House vote
1247d ago May 30, 2023: Referred to the House Committee on Ways and Means.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 2 filings
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Summary

Retail Revitalization Act of 2023

Full summary2 paragraphs

This bill amends tax rules for real estate investment trusts (REITs). It increases (1) the share of equity investments a distressed retail tenant may receive from a REIT from 10% to 50%, and (2) the equity share for regular tenants from 10% to 30%.

The bill also allows taxable REIT subsidiaries to accept equity in a retail tenant's businesses as a form of rent, subject to certain restrictions.

Library of Congress summary, May 30, 2023

Summary versions
  • Introduced in HouseMay 30, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.