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A bill to amend the Internal Revenue Code of 1986 to exclude corporations operating prisons from the definition of taxable REIT subsidiary.

USA115th CongressS-2075| Senate 
| Updated: 11/6/2017
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Ending Tax Breaks for Private Prisons Act This bill amends the Internal Revenue Code to exclude from the definition of "taxable REIT (Real Estate Investment Trust) subsidiary" any corporation which directly or indirectly: (1) operates or manages a prison facility or provides services at or in connection with a prison facility; or (2) provides to any other person (under a franchise, license, or otherwise) rights to any brand name under which any prison facility is operated, subject to specified exceptions.
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Timeline
Nov 6, 2017

Latest Companion Bill Action

HR 115-4255
Introduced in House
Nov 6, 2017
Introduced in Senate
Nov 6, 2017
Read twice and referred to the Committee on Finance.
  • November 6, 2017

    Latest Companion Bill Action

    HR 115-4255
    Introduced in House


  • November 6, 2017
    Introduced in Senate


  • November 6, 2017
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 115-4255: To amend the Internal Revenue Code of 1986 to exclude corporations operating prisons from the definition of taxable REIT subsidiary.
Corporate finance and managementCorrectional facilities and imprisonmentFinancial services and investmentsIncome tax ratesReal estate business

A bill to amend the Internal Revenue Code of 1986 to exclude corporations operating prisons from the definition of taxable REIT subsidiary.

USA115th CongressS-2075| Senate 
| Updated: 11/6/2017
Ending Tax Breaks for Private Prisons Act This bill amends the Internal Revenue Code to exclude from the definition of "taxable REIT (Real Estate Investment Trust) subsidiary" any corporation which directly or indirectly: (1) operates or manages a prison facility or provides services at or in connection with a prison facility; or (2) provides to any other person (under a franchise, license, or otherwise) rights to any brand name under which any prison facility is operated, subject to specified exceptions.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 6, 2017

Latest Companion Bill Action

HR 115-4255
Introduced in House
Nov 6, 2017
Introduced in Senate
Nov 6, 2017
Read twice and referred to the Committee on Finance.
  • November 6, 2017

    Latest Companion Bill Action

    HR 115-4255
    Introduced in House


  • November 6, 2017
    Introduced in Senate


  • November 6, 2017
    Read twice and referred to the Committee on Finance.
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Finance Committee

Taxation

Related Bills

  • HR 115-4255: To amend the Internal Revenue Code of 1986 to exclude corporations operating prisons from the definition of taxable REIT subsidiary.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Corporate finance and managementCorrectional facilities and imprisonmentFinancial services and investmentsIncome tax ratesReal estate business