S 1827
Ending Tax Breaks for Private Prisons Act
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Bill overview
This bill, the Ending Tax Breaks for Private Prisons Act, changes how the Internal Revenue Code defines ‘taxable REIT subsidiary.’ Specifically, it excludes corporations that directly or indirectly operate or manage prison facilities – including providing services at prisons – from being considered part of a REIT subsidiary. This change impacts how private prison companies can utilize tax benefits related to real estate investments. The bill takes effect after it is enacted.
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