U.S. Congress - H.R.2989 Real Estate Jobs and Investment Act of 2011
H.R.2989 - Real Estate Jobs and Investment Act of 2011
To amend the Internal Revenue Code of 1986 to exempt certain stock of real estate investment trusts from the tax on foreign investments in United States real property interests, and for other purposes. view all titles (2)
All Bill Titles
- Short: Real Estate Jobs and Investment Act of 2011 as introduced.
- Official: To amend the Internal Revenue Code of 1986 to exempt certain stock of real estate investment trusts from the tax on foreign investments in United States real property interests, and for other purposes. as introduced.
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Committees
Official Summary
9/21/2011--Introduced.Real Estate Jobs and Investment Act of 2011 - Amends the Internal Revenue Code to increase from 5% to 10% the allowable ownership interest in real estate investment trust (REIT) stock for purposes of tax exemptions allowed by the Foreign Investment in Real Property TaOfficial Summary
9/21/2011--Introduced.Real Estate Jobs and Investment Act of 2011 - Amends the Internal Revenue Code to increase from 5% to 10% the allowable ownership interest in real estate investment trust (REIT) stock for purposes of tax exemptions allowed by the Foreign Investment in Real Property Tax Act relating to foreign investment in United States real property interests....Read the Rest
Organizations Supporting H.R.2989
- Association of Foreign Investors in Real Estate
Organizations Opposing H.R.2989
- None via MapLight at this time.
Recent News Coverage
Proposed Legislation Would Expand FIRPTA Exceptions For REIT Investors
On September 21, 2011, House Representative Kevin Brady (R. Texas) introduced a bipartisan bill (HR 2989) entitled the "Real Estate Jobs and Investment Act of 2011."1 The bill would amend the Foreign Investment in Real Property Tax Act of 1980 .
Skadden, Arps, Slate, Meagher & Flom LLP | "New FIRPTA Reform Would Revitalize ...
Introduced as HR 2989, the bill largely follows HR 5901, which passed the House of Representatives in 2010 by a vote of 402-11. A similar bill is expected to be introduced in the Senate shortly. HR 2989 represents substantive FIRPTA reform that will ...
Recent Blog Coverage
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Why Congress Should Increase Funding for OMB Review of ...
The House recently included language in an appropriations bill (H.R. 2989) that would substantially reduce the budget for the agency within the White House Office of Management and Budget that reviews federal regulations with an eye ...
Why Congress Should Increase Funding for OMB Review of ...
The House recently included language in an appropriations bill (H.R. 2989) that would substantially reduce the budget for the agency within the White House Office of Management and Budget that reviews federal regulations with an eye ...
Why Congress Should Increase Funding for OMB Review of ...
The House recently included language in an appropriations bill (H.R. 2989) that would substantially reduce the budget for the agency within the White House Office of Management and Budget that reviews federal regulations with an eye ...
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