H.R.4539 - Real Estate Revitalization Act of 2010

To amend the Internal Revenue Code of 1986 to modify the treatment of foreign investments in United States real property, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to modify the treatment of foreign investments in United States real property, and for other purposes. as introduced.
  • Short: Real Estate Revitalization Act of 2010 as introduced.

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01/26/10
 
 
 
 
 
 
 

Official Summary

1/27/2010--Introduced.Real Estate Revitalization Act of 2010 - Amends the Internal Revenue Code, with respect to foreign investment in United States real property, to: (1) redefine "United States real property interest" to eliminate exclusions relating to interests in holding cor

Official Summary

1/27/2010--Introduced.Real Estate Revitalization Act of 2010 - Amends the Internal Revenue Code, with respect to foreign investment in United States real property, to:
(1) redefine "United States real property interest" to eliminate exclusions relating to interests in holding corporations;
(2) treat distributions of real property interests by a real estate investment trusts (REIT) or a regulated investment company (RIC) as ordinary dividends; and
(3) repeal the election allowed to foreign corporations to be treated as a domestic corporation for purposes of investment in a United States real property interest.

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