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H.R. 2870 (113th): Real Estate Investment and Jobs Act of 2013


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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


7/31/2013--Introduced. Real Estate Investment and Jobs Act of 2013 - Amends the Internal Revenue Code to increase from 5% to 10% the allowable ownership interest in real estate investment trust (REIT) stock for purposes of tax exemptions allowed by the Foreign Investment in Real Property Tax Act relating to foreign investment in United States real property interests.