REIT Modernization Act of 1999 Hear it!

REIT Modernization Act of 1999 Finance 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 provides services to REIT tenants and others. The legislation also requires REITs to pay out 95 percent of their taxable income, returning the payout level to the one required from 1960 until 1980. From 1980 to 1999, REITs only had to pay out 90 percent of their taxable income.

Browse dictionary entries near REIT Modernization Act of 1999

  1. ‹ REIT
  2. ‹ reissue
  3. ‹ reis
  4. ‹ reinterpret
  5. ‹ reinsure
  6. ‹ reinsurance
  7. ‹ reinstated
  8. ‹ reinstate
  9. ‹ reins
  10. ‹ Reinhardt
  1. reiterate ›
  2. reiteration ›
  3. reive ›
  4. reject ›
  5. rejected ›
  6. rejection ›
  7. rejection slip ›
  8. rejigger ›
  9. rejoice ›
  10. rejoicing ›