HOUSE 1742117th CongressReferred to the House Committee on Ways and Means.
Real Estate Exchange Fairness Act of 2021
- Last Action
- 3/10/2021
Actions
- 2021-03-10Referred to the House Committee on Ways and Means.
- 2021-03-10Introduced in House
- 2021-03-10Introduced in House
CRS Summary
As of 2021-03-10 (00)
Real Estate Exchange Fairness Act of 2021
This bill requires Puerto Rico to be treated as part of the United States for the purpose of determining if an exchange of real property qualifies as a like-kind exchange for tax purposes. (Under current law, real property located in the United States and real property located outside of the United States are not property of a like kind.)
Subjects
- Puerto Rico
- Real estate business
- Tax administration and collection, taxpayers
- U.S. territories and protectorates
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.