S.Amdt. 2660

SA 2660. Mr. COTTON submitted an amendment intended to be proposed to
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. __. RESTORATION OF TAXABLE REIT SUBSIDIARY ASSET TEST.

(a) In General.--Section 856(c)(4)(B)(ii) of the Internal
Revenue Code of 1986 is amended by striking ``20 percent''
and inserting ``25 percent''.
(b) Effective Date.--The amendment made by this section
shall apply to taxable years beginning after December 31,
2025.
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