H. R. 2198 seeks to change the Internal Revenue Code by adjusting the rules concerning taxable Real Estate Investment Trust (REIT) subsidiaries. It proposes increasing the maximum asset threshold for taxable REIT subsidiaries from 20% to 25%. This change will apply to tax...
Simple Explanation
H.R. 2198 is a bill that wants to change a rule about how much stuff a special company called a REIT can have, allowing it to have a little more than before. This rule would start in 2026 if it becomes a law.