House Bill 5430
115th Congress(2017-2018)
Puerto Rico Real Estate Exchange Fairness Act of 2018
Introduced
Introduced in House on Apr 5, 2018
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
5430
Congress
115
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
Puerto Rico Real Estate Exchange Fairness Act of 2018
This bill amends the Internal Revenue Code to require 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. (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.)
April 5, 2018
04/05/2018
Referred to the House Committee on Ways and Means.
04/05/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:39:54 PM