Rep. Poe Introduces Bill on Treatment of Rents

WASHINGTON, Dec. 6 -- Rep. Ted Poe, R-Texas, has introduced legislation (H.R. 4531) to amend the Internal Revenue Code of 1986 "to treat rents received by a real estate investment trust from a parking facility leased to a taxable REIT subsidiary in the same manner as rents from lodging and health care facilities leased to such a subsidiary."

The bill was introduced on Dec. 4. It was referred to the House Ways and Means Committee.

For more information, contact Rep. Ted Poe at 2132 Rayburn HOB, Washington, DC 20515; 202/225-6565; or in the district office at 1801 Kingwood Drive, Ste. 240, Kingwood, TX 77339; 281/446-0242.

TARGETED NEWS SERVICE: Myron Struck, editor; 703/304-1897; editor@targetednews.com; http://www.targetednews.com