3.0.0 5487 2023-01-11T13:25:36Z 2023-01-11T13:25:36Z House H HR 2014-09-16 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BRADY of Texas:H.R. 5487.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The Congress shall have Power to lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence and general Welfare of the United States;but all Duties, Imposts and Excises shall be uniformthroughout the United States.[Page H7618]]]> hswm00 Ways and Means Committee House Standing Referred to 2014-09-16T14:03:25Z 113 2870 HR 2013-07-31 Referred to the House Committee on Ways and Means. Related bill CRS 113 1181 S 2013-06-18 Read twice and referred to the Committee on Finance. Related bill CRS 2014-09-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-09-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-09-16 Introduced in House IntroReferral 1000 9 Library of Congress B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 N C001038 Rep. Crowley, Joseph [D-NY-14] JOSEPH CROWLEY D NY 14 2014-09-16 True Taxation Business records Corporate finance and management Financial services and investments Foreign and international corporations Income tax deductions Interest, dividends, interest rates Real estate business Securities Tax administration and collection, taxpayers Taxation of foreign income Taxation

00 2014-09-16 Introduced in House 2014-11-10T22:07:54Z Real Estate Investment and Jobs Act of 2014 - Amends the Internal Revenue Code to: (1) 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 (FIRPTA) relating to foreign investment in U.S. real property interests; (2) require a U.S. real property holding corporation to make its status readily accessible and publicly available; (3) require brokers who sell an interest in a U.S. real property holding corporation to deduct and withhold 10% on the amount realized from the sale, with specified exceptions; (4) include regulated investment companies (RICs) and real estate investment companies (REITs) in the definition of U.S. real property interests; and (5) deny dividends derived from RICs and REITs a tax deduction for the U.S. source portion of dividends from certain foreign corporations.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2014-09-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5487ih/xml/BILLS-113hr5487ih.xml 2014-09-16 Referred to the House Committee on Ways and Means. 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.