One of several important changes to the original REIT legislation. It allows a REIT to own up to 10 percent of a taxable REIT subsidiary that is able to offer services to REIT residents and others, a change that allows a REIT to save on expenses and operate more efficiently. The act also altered the minimum distribution requirement from 95 percent of a REIT's taxable income to 90 percent, a number consistent with the REIT rules on the books from 1960 to 1980.
Related information about REIT Modernization Act of 1999:
- REIT Modernization Act (RMA)
REIT Modernization Act of 1999. NAREIT Detailed Analysis - 12/28/99; NAREIT Detailed Analysis - 12/28/99; REIT Modernization Act Provision Becomes Law ...
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Definition of REIT Modernization Act of 1999: One of several important changes to the original REIT legislation. It allows a REIT to own up to 10 percent of a ...
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The REIT Modernization Act of 1999 changed the. REIT asset tests to allow the creation of wholly owned corporate subsidiaries that could offer noncustomary ...
- EconPapers: The REIT Modernization Act of 1999
Jan 24, 2012 ... By John S. Howe and Ravi Jain; Abstract: This article examines two effects of the passage of the REIT Modernization Act (RMA) of 1999: its ...
- REIT Modernization Act of 1999 - Invest Definition
REIT Modernization Act of 1999 definition: A federal tax law change that allows a REIT to own up to 100 percent of the stock of a taxable REIT subsidiary that ...
- The REIT Modernization Act of 1999 - SpringerLink
2004 Kluwer Academic Publishers. Manufactured in The Netherlands. The REIT Modernization Act of 1999. JOHN S. HOWE*. Department of Finance, College of ...
- Glossary of Terms
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Feb 17, 2011 ... Among many proposals, these include the REIT Simplification Act of 1997, the REIT Modernization Act of 1999, the REIT Improvement Act of ...