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To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.

H.R. 2198 Rep. Mike Kelly (R-PA-16) In committee
Bill text PDF
  1. Introduced Mar 18
  2. Committee Mar 18
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Mar 18, 2025Next: House vote
589d ago Mar 18, 2025: Referred to the House Committee on Ways and Means.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
3companies, 12 filings
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3trades in the last 90 days
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Companies lobbying on this bill

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Real Estate 3
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Summary

This bill amends the Internal Revenue Code to restore the taxable REIT subsidiary asset test. Section 1, Restoration of taxable REIT subsidiary asset test: This section amends Section 856(c)(4)(B)(ii) of the Internal Revenue Code of 1986 by changing the percentage from 20 percent to 25 percent. The amendment applies to taxable years beginning after December 31, 2025.

Summary of the bill text as introduced in House (Mar 18, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.