EXTENSION OF RIC QUALIFIED INVESTMENT ENTITY TREATMENT UNDER FIRPTA.

SEC. 133. EXTENSION OF RIC QUALIFIED INVESTMENT ENTITY TREATMENT UNDER FIRPTA. (a) [26 U.S.C. 897] In general.—Section 897(h)(4)(A) is amended— (1) by striking clause (ii), and (2) by striking all that precedes “regulated investment company which” and inserting the following: “(A) Qualified investment entity.—The term ‘qualified investment entity’ means— “(i) any real estate investment trust, and “(ii) any” . (b) [26 U.S.C. 897 note] Effective Date.— (1) In general.—The amendments made by this section shall take effect on January 1, 2015. Notwithstanding the preceding sentence, such amendments shall not apply with respect to the withholding requirement under section 1445 of the Internal Revenue Code of 1986 for any payment made before the date of the enactment of this Act. (2) Amounts withheld on or before date of enactment.—In the case of a regulated investment company— (A) which makes a distribution after December 31, 2014, and before the date of the enactment of this Act, and (B) which would (but for the second sentence of paragraph (1)) have been required to withhold with respect to such distribution under section 1445 of such Code, such investment company shall not be liable to any person to whom such distribution was made for any amount so withheld and paid over to the Secretary of the Treasury.