Sec. 314. Repeal of preferential dividend rule for publicly offered REITs
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/bill/114/hr/2029/eah/section-314·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 562(c) is amended by inserting or a publicly offered REIT after a publicly offered regulated investment company (as defined in section 67(c)(2)(B)) . Section 562(c), as amended by subsection (a), is amended— by striking Except in the case of and inserting the following: Except in the case of , and by adding at the end the following new paragraph: For purposes of this subsection, the term publicly offered REIT means a real estate investment trust which is required to file annual and periodic reports with the Securities and Exchange Commission under the Securities Exchange Act of 1934. .
The amendments made by this section shall apply to distributions in taxable years beginning after December 31, 2014.