REDUCTION IN PERCENTAGE LIMITATION ON ASSETS OF REIT WHICH MAY BE TAXABLE REIT SUBSIDIARIES.

SEC. 312. REDUCTION IN PERCENTAGE LIMITATION ON ASSETS OF REIT WHICH MAY BE TAXABLE REIT SUBSIDIARIES. (a) [26 U.S.C. 856] In General.—Section 856(c)(4)(B)(ii) is amended by striking “25 percent” and inserting “20 percent”. (b) [26 U.S.C. 856 note] Effective Date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2017.