House Bill 1742
117th Congress(2021-2022)
Real Estate Exchange Fairness Act of 2021
Introduced
Introduced in House on Mar 10, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1742
Congress
117
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
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.)
March 10, 2021
03/10/2021
Referred to the House Committee on Ways and Means.
03/10/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:48:21 PM