HR 8805
Retail Revitalization Act of 2020
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Retail Revitalization Act of 2020 changes rules regarding how real estate investment trusts (REITs) handle rents received from related parties. Specifically, it increases the maximum percentage of stock a REIT can own from related entities to 50%, and adjusts rules concerning constructive stock ownership. It also modifies rules for REIT subsidiaries, reducing the percentage of income they must allocate to their REIT parent. These changes aim to provide greater flexibility for REITs in their financial arrangements.
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Primary sponsor
Cosponsors
Donald S., Jr. Beyer
George Holding
Jackie Walorski
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