US HB2989 | 2011-2012 | 112th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on September 21 2011 - 25% progression, died in committee
Action: 2011-09-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 21 2011 - 25% progression, died in committee
Action: 2011-09-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Real Estate Jobs and Investment Act of 2011
Sponsors
| Rep. Kevin Brady [R-TX] | Rep. Shelley Berkley [D-NV] | Rep. Earl Blumenauer [D-OR] | Rep. Hansen Clarke [D-MI] |
| Rep. Joseph Crowley [D-NY] | Rep. Scott Garrett [R-NJ] | Rep. Jim Gerlach [R-PA] | Rep. James Himes [D-CT] |
| Rep. Lynn Jenkins [R-KS] | Rep. Sam Johnson [R-TX] | Rep. Ron Kind [D-WI] | Rep. Peter King [R-NY] |
| Rep. John Larson [D-CT] | Rep. Bill Pascrell [D-NJ] | Rep. Erik Paulsen [R-MN] | Rep. Tom Price [R-GA] |
| Rep. Charles Rangel [D-NY] | Rep. David Reichert [R-WA] | Rep. Peter Roskam [R-IL] | Rep. Aaron Schock [R-IL] |
| Rep. Pete Sessions [R-TX] | Rep. Fortney Stark [D-CA] | Rep. Mike Thompson [D-CA] | Rep. Patrick Tiberi [R-OH] |
| Sen. Chris Van Hollen [D-MD] | Sen. Peter Welch [D-VT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-09-21 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB1616 (Related) 2011-09-22 - Read twice and referred to the Committee on Finance.
Subjects
Financial services and investments
Real estate business
Securities
Taxation
Taxation of foreign income
U.S. and foreign investments
Real estate business
Securities
Taxation
Taxation of foreign income
U.S. and foreign investments
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/2989/all-info |
| Text | https://www.congress.gov/112/bills/hr2989/BILLS-112hr2989ih.pdf |
