This part raises one figure in a real estate trust rule. It goes from 20 percent to 25 percent. The change starts with tax years after December 31, 2025.
“Section 856(c)(4)(B)(ii) is amended by striking "20 percent" and inserting "25 percent".”
The section strikes 20 percent and inserts 25 percent in section 856(c)(4)(B)(ii) of the Internal Revenue Code of 1986. That provision is not indexed here, so what the figure measures cannot be checked against anything on this site.
What the document actually says
“Section 856(c)(4)(B)(ii) is amended by striking "20 percent" and inserting "25 percent".”
That sentence, in plain words
The figure 20 percent is taken out. The figure 25 percent is put in.
What this is about
The figure sits in an asset test for a property trust. A higher figure gives more room. The tax code is not indexed here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The document says “shall apply”Who acts: Secretary of the TreasuryHow: statuteSec. 70439 in the PDF
What the document says
“The amendment made by this section shall apply to taxable years beginning after December 31, 2025.”
The section applies its amendment to taxable years beginning after December 31, 2025.
What the document actually says
“The amendment made by this section shall apply to taxable years beginning after December 31, 2025.”
That sentence, in plain words
The change starts with tax years that begin after December 31, 2025.
What this is about
Earlier tax years are not touched. The old figure still holds for them. The date is fixed in the law.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Both things the section does: raise the percentage, and fix the effective date.
Nothing in the section is left out. It has two subsections and each is recorded.
The section works by amending section 856(c)(4)(B)(ii) of the Internal Revenue Code of 1986, which is not indexed here, so what the percentage measures cannot be checked against anything on this site.
