A bill to amend the Internal Revenue Code of 1986 to increase the percentage limitation on assets of real estate investment trusts which may be held in taxable REIT subsidiaries.

# Summary of S 1334 **What the Bill Would Do** This bill would change tax rules for Real Estate Investment Trusts (REITs)—companies that own and manage properties like apartment buildings, shopping centers, and office complexes. Specifically, it would increase the percentage of a REIT's assets that can be held through taxable REIT subsidiaries (separate companies that pay regular corporate taxes). Currently, there are limits on how much of a REIT's total assets can be held this way; the bill would raise that limit. **Who It Affects** The bill primarily affects REIT companies and their investors. REITs are popular investment vehicles for individuals saving for retirement or seeking income, as they must distribute most profits to shareholders.

The change could also impact property owners and businesses that lease space, depending on how REITs adjust their operations. The bill was introduced by Senator Thom Tillis (R-North Carolina). **Current Status** The bill is currently in committee, meaning it has been introduced but not yet debated or voted on by the full Senate. No action has been taken since its introduction in the 119th Congress. The specific details of how much the percentage would increase are not specified in the bill title provided.