[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3533 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 3533

To terminate the exception provided for certain real estate investment 
          trusts from the rules relating to stapled entities.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 24, 1998

 Mr. Collins introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To terminate the exception provided for certain real estate investment 
          trusts from the rules relating to stapled entities.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Real Estate Investment Trust Tax 
Equity Act''.

SEC. 2. TERMINATION OF EXCEPTION FOR CERTAIN REITS FROM THE RULES 
              RELATING TO STAPLED ENTITIES.

    (a) In General.--Paragraph (3) of section 136(c) of the Tax Reform 
Act of 1984 (relating to stapled stock; stapled entities) is hereby 
repealed.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect on the date of the enactment of this Act.
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