S.2002 - REIT Investment Diversification and Empowerment Act of 2007

A bill to amend the Internal Revenue Code of 1986 to simplify certain provisions applicable to real estate investment trusts, and for other purposes. view all titles (2)

All Bill Titles

  • Short: REIT Investment Diversification and Empowerment Act of 2007 as introduced.
  • Official: A bill to amend the Internal Revenue Code of 1986 to simplify certain provisions applicable to real estate investment trusts, and for other purposes. as introduced.

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Introduced
 
Senate
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House
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President
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08/02/07
 
 
 
 
 
 
 

Official Summary

8/3/2007--Introduced.REIT Investment Diversification and Empowerment Act of 2007 - Amends Internal Revenue Code provisions relating to real estate investment trusts (REITs) to: (1) treat passive foreign exchange gains attributable to overseas real estate investment as qualifying REIT incom

Official Summary

8/3/2007--Introduced.
REIT Investment Diversification and Empowerment Act of 2007 - Amends Internal Revenue Code provisions relating to real estate investment trusts (REITs) to:
(1) treat passive foreign exchange gains attributable to overseas real estate investment as qualifying REIT income;
(2) increase from 20 to 25% the the maximum value of a REIT's total assets thay may be represented by securities of one or more taxable REIT subsidiaries;
(3) revise safe harbor rules for the excise tax penalty on certain REIT sales activities;
(4) treat rental payments made by a health care facility to a REIT as qualifying REIT income; and
(5) treat income from, and interests in, foreign-qualified REITs as qualifying REIT income and assets.

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Recent Blog Coverage

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12/28/08
The Probability of Gray’s RMA Life-Cycle in Indonesia « MURADI ...

Gray, Colin S. 2002. Strategy for Chaos: Revolutionary in Military Affairs and the. Evidence of History. London: Frank Cass. Lee, Terence.”The Nature and Future of Civil-Military Relations in Indonesia” Asia Survey, Vol. ...

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12/17/08
Exploring Iowa's Natural Resources

Parker, S. 2002. Wood (Science Files Series). Gareth Stevens Publishing. Saunders-Smith, G. and K.M. Krebs. 2006. Let's Recycle! Capstone Press. Schwartz, L. and B. Armstrong. 1990. Earth Book for Kids: Activities to Help Heal the ...

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11/25/08
Exploring Iowa's Natural Resources

Dalgleish, S. 2002. Managing the Land. Chelsea House Publishers. Deboo, A. 2006. Mapping the Land and Environment. Heinemann. James, B. 1993. Use of Land. Cengage Learning. Pascoe, E. and D. Kuhn. 2003. Ecosystem of a Fallen Tree. ...

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