I 111th CONGRESS 1st Session H. R. 4256 IN THE HOUSE OF REPRESENTATIVES December 9, 2009 Ms. Linda T. Sánchez of California (for herself, Mr. Heller, Ms. Berkley, and Mr. Nunes) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To amend the American Recovery and Reinvestment Tax Act of 2009 to allow specified energy property grants to real estate investment trusts without regard to the ratable share income limitations.

1.

Short title

This Act may be cited as the Sustainable Property Grants Act of 2009.

2.

Elimination of REIT ratable share limitation for ARRA grants with respect to specified energy property

(a)

In general

Subsection (f) of section 1603 of the American Recovery and Reinvestment Tax Act of 2009 is amended by inserting after Code of 1986 the following: , except that subsection (d)(1) thereof shall not apply in the case of a real estate investment trust (as defined in section 856 of such Code). (b)

Effective date

The amendment made by this section shall apply to grants made after the date of the enactment of this Act.