H.R.1147 - REIT Investment Diversification and Empowerment Act of 2007 Sponsor: Joseph Crowley / 110th Congress

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Title
110th Congress - To amend the Internal Revenue Code of 1986 to simplify certain provisions applicable to real estate investment trusts, and for other purposes. hidemore...
Summary
To amend the Internal Revenue Code of 1986 to simplify certain provisions applicable to real estate investment trusts, and for other purposes. (by CRS)
Status
The bill has been introduced.

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HR 1147 by Navid Khajehnajafi, Jul 8, 2008 (9:21pm)

The REIT industry has long been lobbying for these tax changes, and the current credit situation only helps the argument for this restructuring; favorable circumstances may trigger prosperity in a sector with tremendous potential for growth in an internationally-dependent world economy.

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