S 1568 · 108th Congress 2003–2005, ended

Real Estate Investment Trust Improvement Act of 2003

Introduced Aug 1, 2003 Originated Senate Sponsor Orrin G. Hatch R-UT

Fact sheet

Latest action · Aug 1, 2003 Read twice and referred to the Committee on Finance.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedAug 1, 2003
Passed SenateNot reached
Passed HouseNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Real Estate Investment Trust Improvement Act of 2003 - Amends the Internal Revenue Code to revise real estate investment trust (REIT) provisions respecting: (1) straight debt safe harbor; (2) limited rental exception; (3) customary services exception; (4) hedging instruments; (5) prohibited transaction safe harbor; (6) distributions attributable to gain from sales or exchanges of U.S. real property interests; and (7) rules of application for asset requirements and limitations.

Cosponsors 11

Members who signed on, in the order they did. Signatures ran from Aug 1, 2003 to Mar 1, 2004, with 4 there on the day it was introduced.

Seat	Cosponsor		Signed on
R-OR	Gordon H. Smith	Original	Aug 1, 2003
D-LA	John B. Breaux	Original	Aug 1, 2003
R-ME	Olympia J. Snowe	Original	Aug 1, 2003
R-MS	Trent Lott	Original	Aug 1, 2003
R-KY	Jim Bunning		Sep 23, 2003
R-PA	Rick Santorum		Sep 23, 2003
D-MA	John F. Kerry		Oct 21, 2003
D-AR	Blanche L. Lincoln		Dec 9, 2003
D-FL	Bob Graham		Dec 9, 2003
R-OK	Don Nickles		Jan 27, 2004
D-ND	Kent Conrad		Mar 1, 2004

Actions 3

Everything that happened, newest first.

Aug 1, 2003Introduced in Senate
Aug 1, 2003Read twice and referred to the Committee on Finance.
Aug 1, 2003Sponsor introductory remarks on measure. (CR S10917-10918)

Related bills 1

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
HR 1890	Real Estate Investment Trust Improvement Act of 2003	Identical bill	Apr 30, 2003

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.