New Bill Helps REIT Investors reports a new bill awaiting President Obama’s signature would expand tax exemptions for stock in REITs. While some of the return in REITs is already tax-free, Housingwire says the new legislation would promote foreign money being put into REITs. The Real Estate Jobs and Investment Act of 2010 amends the tax code to increase exemptions for foreign investments in REITs from a 5 percent ownership interest to 10 percent.
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