US Congress House Bill 2128 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 28-10)
Status: Introduced on April 30 2015 - 25% progression, died in committee
Action: 2015-04-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Real Estate Investment and Jobs Act of 2015 This bill amends the Internal Revenue Code to increase from 5% to 10% the stock ownership threshold in a real estate investment trust for purposes of exempting proceeds from dispositions of such stock from withholding requirements under the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). Exempts from FIRPTA withholding requirements U.S. real property interests held by: (1) a qualified foreign pension fund created or organized outside the United States, or (2) any entity all of the interests of which are held by a qualified foreign pension fund.

Real Estate Investment and Jobs Act of 2015

Rep. Kevin Brady [R-TX]	Rep. Joseph Crowley [D-NY]	Rep. Jim McDermott [D-WA]	Rep. David Reichert [R-WA]
Rep. Kenny Marchant [R-TX]	Sen. Todd Young [R-IN]	Rep. Peter Roskam [R-IL]	Rep. Patrick Meehan [R-PA]
Rep. Linda Sanchez [D-CA]	Rep. James Renacci [R-OH]	Rep. Tom Reed [R-NY]	Rep. Patrick Tiberi [R-OH]
Rep. Earl Blumenauer [D-OR]	Rep. Charles Rangel [D-NY]	Rep. Mike Thompson [D-CA]	Rep. John Larson [D-CT]
Rep. Richard Neal [D-MA]	Rep. Ron Kind [D-WI]	Rep. Peter King [R-NY]	Rep. Pete Sessions [R-TX]
Rep. Sam Johnson [R-TX]	Rep. Robert Dold [R-IL]	Rep. Vern Buchanan [R-FL]	Rep. Lynn Jenkins [R-KS]
Rep. Erik Paulsen [R-MN]	Rep. Adam Kinzinger [R-IL]	Rep. Bill Pascrell [D-NJ]	Rep. Mario Diaz-Balart [R-FL]
Rep. Adrian Smith [R-NE]	Rep. Devin Nunes [R-CA]	Rep. George Holding [R-NC]	Rep. Michael Turner [R-OH]
Rep. Charles Boustany [R-LA]	Rep. Mike Kelly [R-PA]	Rep. Jason Smith [R-MO]	Rep. Ileana Ros-Lehtinen [R-FL]
Rep. Diane Black [R-TN]	Rep. Kristi Noem [R-SD]

Date	Chamber	Action
2015-04-30	House	Referred to the House Committee on Ways and Means.
2015-04-30	House	Introduced in House

SB915 (Related) 2015-04-14 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 48.
HB2029 (Related) 2015-12-18 - Became Public Law No: 114-113. (TXT | PDF)

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/2128/all-info
Text	https://www.congress.gov/114/bills/hr2128/BILLS-114hr2128ih.pdf