3.0.0 2002 2023-01-11T20:35:47Z 2023-01-11T20:35:47Z Senate S S 2007-08-03 110 ssfi00 Finance Committee Senate Standing Referred to 2007-08-03T21:46:05Z 110 1147 HR 2007-02-16 Referred to the House Committee on Ways and Means. Related bill CRS 2007-08-03 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2007-08-03 Sponsor introductory remarks on measure. (CR S10931-10932) IntroReferral B00100 9 Library of Congress 2007-08-03 Introduced in Senate IntroReferral 10000 9 Library of Congress H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT N S001163 Sen. Salazar, Ken [D-CO] Ken Salazar D CO 2007-08-03 True S001142 Sen. Smith, Gordon H. [R-OR] GORDON SMITH R OR H. 2007-08-03 True K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2007-08-03 True C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2007-09-24 False B001066 Sen. Bunning, Jim [R-KY] JIM BUNNING R KY 2007-10-17 False C000705 Sen. Conrad, Kent [D-ND] KENT CONRAD D ND 2008-03-04 False R000361 Sen. Rockefeller, John D., IV [D-WV] JAY ROCKEFELLER D WV 2008-03-12 False L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA 2008-03-31 False R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2008-04-07 False S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2008-04-29 False Taxation Commerce Contractors Dividends Excise tax Finance and Financial Sector Foreign Trade and International Finance Foreign corporations Foreign exchange Futures trading Health Health facilities Income tax Leases Real estate investment Rent Securities Stocks Subsidiary corporations Tax administration Tax exclusion Tax penalties Taxation

00 2007-08-03 Introduced in Senate 2007-08-24T14:51:05Z 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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Official Title as Introduced Introduced in Senate IS Display Title Short Titles as Introduced Introduced in Senate 2007-08-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2002is/xml/BILLS-110s2002is.xml 2007-08-03 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.