Search

Search bills, members, committees and pages...

Sign In

H.R. 2198

U.S. House•In House Committee

Summary

H.R. 2198, to amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test, was introduced in the House on Mar 18, 2025 by Rep. Mike Kelly (R) with 20 co-sponsors. It was referred to Ways And Means, and last saw action on Mar 18, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 2198 has 20 co-sponsors.

hb2198/introduced-in-house.txt
119 HR 2198 IH: To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.
 U.S. House of Representatives
 2025-03-18
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 2198  IN THE HOUSE OF REPRESENTATIVES   March 18, 2025   Mr. Kelly of Pennsylvania  (for himself,  Mr. Schneider ,  Mr. Feenstra ,  Mr. Panetta ,  Mr. LaHood ,  Ms. Moore of Wisconsin ,  Mr. Moore of Utah ,  Mr. Davis of Illinois ,  Ms. Tenney ,  Ms. DelBene ,  Mr. Fitzpatrick ,  Mr. Suozzi ,  Mr. Buchanan ,  Mr. Murphy ,  Mr. Smith of Nebraska , and  Mr. Estes ) introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.
1.
Restoration of taxable REIT subsidiary asset test
(a)
In general
 Section 856(c)(4)(B)(ii)  of the Internal Revenue Code of 1986 is amended by striking  20 percent  and inserting  25 percent .
(b)
Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2025.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-03-18
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test.

Sponsors

Rep. Mike Kelly (R) sponsors H.R. 2198, and 20 members have co-sponsored it, 15 of them from the day it was introduced.

Committees

H.R. 2198 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Mar 18, 2025 · 1,160 Bills

Actions

H.R. 2198 has taken 2 actions since Mar 18, 2025.

ChamberAction
Mar 18, 2025
House
Introduced in House
Mar 18, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 2198 has not gone to a roll call.

Titles

H.R. 2198 goes by 2 titles.

  • To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test. — Official Title as Introduced
  • To amend the Internal Revenue Code of 1986 to restore the taxable REIT subsidiary asset test. — Display Title

Lobbying

6 clients hired 7 firms and 27 registered lobbyists who named H.R. 2198 in 19 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Agriculture, Energy/Nuclear, Trade (domestic/foreign), Environment/Superfund, Defense, Computer Industry, Financial Institutions/Investments/Securities.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
NAREITNational trade association of real estate investment trustsDistrict of Columbia25$120K
WEYERHAEUSER COMPANY—Washington15—
WEYERHAEUSER CO——13$180K
EQUINIX, INC.—California13—
POTLATCHDELTIC CORPORATION—Washington12—
IRON MOUNTAINDedicated to the storage, protection, and management of information, records, & assets.Maryland11$50K

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
WEYERHAEUSER COMPANY15—
EQUINIX, INC.13—
MONUMENT ADVOCACY13$180K
NAREIT13—
INVARIANT LLC12$120K
POTLATCHDELTIC CORPORATION12—
HARBINGER STRATEGIES, LLC11$50K

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 27.

LobbyistFirmsClientsFilings
KRISTEN SAWIN115
LOCKE LOEB115
BRANDON AUDAP113
CAMERON ARTERTON113
CATHERINE BARRE113
DARA BERNSTEIN113
DAVID YOUNG113
E. ASHLEY HOY113
JOHN JONES113
JOHN MULLIGAN113
JOHN WEBER113
JORDAN EVICH113
KIMBERLY ELLIS113
PAUL BROWNELL113
ROBERT DIBBLEE113
STEVEN WECHSLER113
THOMAS HAWKS113
ANNA TORMA112
JAMES OBRIEN112
MARY STANTON112

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
NAREITNAREIT2025 second_quarter$2.1M2nd Quarter - Report
NAREITNAREIT2025 first_quarter$1.7M1st Quarter - Report
NAREITNAREIT2025 third_quarter$1.3M3rd Quarter - Report
WEYERHAEUSER COMPANYWEYERHAEUSER COMPANY2026 first_quarter$580K1st Quarter - Report
EQUINIX, INC.EQUINIX, INC.2025 third_quarter$480K3rd Quarter - Amendme…
WEYERHAEUSER COMPANYWEYERHAEUSER COMPANY2025 third_quarter$470K3rd Quarter - Report
WEYERHAEUSER COMPANYWEYERHAEUSER COMPANY2025 fourth_quarter$440K4th Quarter - Report
EQUINIX, INC.EQUINIX, INC.2025 second_quarter$430K2nd Quarter - Report
WEYERHAEUSER COMPANYWEYERHAEUSER COMPANY2025 first_quarter$430K1st Quarter - Report
WEYERHAEUSER COMPANYWEYERHAEUSER COMPANY2025 second_quarter$400K2nd Quarter - Report
EQUINIX, INC.EQUINIX, INC.2025 first_quarter$310K1st Quarter - Report
POTLATCHDELTIC CORPORATIONPOTLATCHDELTIC CORPORATION2025 first_quarter$160K1st Quarter - Report
POTLATCHDELTIC CORPORATIONPOTLATCHDELTIC CORPORATION2025 second_quarter$100K2nd Quarter - Report
WEYERHAEUSER COMONUMENT ADVOCACY2025 third_quarter$60K3rd Quarter - Report
WEYERHAEUSER COMONUMENT ADVOCACY2025 second_quarter$60K2nd Quarter - Report
NAREITINVARIANT LLC2025 second_quarter$60K2nd Quarter - Report
NAREITINVARIANT LLC2025 first_quarter$60K1st Quarter - Report
WEYERHAEUSER COMONUMENT ADVOCACY2025 first_quarter$60K1st Quarter - Report
IRON MOUNTAINHARBINGER STRATEGIES, LLC2025 first_quarter$50K1st Quarter - Report

Classification

The Congressional Research Service files H.R. 2198 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 2198’s is Taxation.

hr2198/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com